With this deal, Jaipuria's RJ Corp will own over 10 bottling plants, controlling 25 per cent of PepsiCo's bottling capacity in the country (earlier he was PepsiCo's largest bottler together with his family). Confirming the development, Jaipuria said the deal would be complete in a day or two. "The West Bengal operations will contribute 10 to 15 per cent to our turnover," he said.
While the first five stores will come up in Mumbai, Delhi and the National Capital Region by the end of this fiscal, a total of 150 Disney Artist stores will be set up in India by 2011.
Jaipuria has not specified the amount he is looking to raise, but says this is the right time to tap the capital markets.
'We deeply apologise for a post that was published on some KFC social media channels outside the country. We honour and respect India, and remain steadfast in our commitment to serving all Indians with pride,' according to a message on KFC India official account on Twitter.
FCMG companies which have plants i Npal may take a hit on revenues.
Sales of refrigerators were higher this year versus last year.
Coca-Cola will sell off its bottling business in India in the next few years.
He has drawn fresh strategies to take his businesses to the next level.
With India and England set to face-off on Wednesday in the first Test at Trent Bridge with an eye on the Pataudi Trophy, Rajneesh Gupta presents the history of their famed rivalry in numbers...
India's rivalry with Australia dates back to 1947-48 when Lala Amarnath's team travelled to take on the hosts, who were captained by batting great Don Bradman. The visitors were beaten 4-0 in the five-match series. A statistical analysis of the Test record between the two teams.
India take on the West Indies in the first of the two-match Test series at Eden Gardens in Kolkata on Wednesday. Rajneesh Gupta presents the statistics in Test matches involving the two teams.
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