Varun Beverages Limited (BSE:540180) approved its intent to enter into a binding agreement to acquire manufacturing facilities in Chhattisgarh from PepsiCo India Holdings Private Limited on December 20, 2017. Varun Beverages Limited will also acquire Pepsico India's franchise rights for Chhattisgarh. The deal is subject to satisfactory completion of due diligence and final approval of PepsiCo. The intent to enter into a binding agreement was approved by the Board of Directors of Varun Beverages Limited on December 20, 2017. Varun Beverages Limited (BSE:540180) completed the acquisition of manufacturing facilities in Chhattisgarh from PepsiCo India Holdings Private Limited on January 11, 2018.