|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
MUMBAI, Oct 8 (Reuters) - Private equity arm of Standard Chartered Plc has invested $32 million in India's Varun Beverages, which is the largest bottler for PepsiCo Inc in South Asia, the companies said in a joint statement.
The funds would be used to buy out PepsiCo's minority stake in Varun Beverages' subsidiary, the statement said.
The transaction would be a follow-on investment by the British bank, which had previously invested $48 million in Varun Beverages in July 2011, the statement said.