Varun Beverages forms joint venture to make refrigerators
Bottling company of PepsiCo, Varun Beverages (VBL), has formed a joint venture (JV) with the logistics firm Everest International. The JV named White Peak Refrigeration would carry on the business of manufacturing visi-coolers and other refrigeration equipment.
VBL holds a 50% stake in the venture and has invested Rs 21.25 crore, acquiring 2,12,50,000 equity shares.
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