The investor thumbs-down, say experts, highlights the competitive challenges ahead for the new player.
While fizzy drinks are growing as a category, according to Kantar data, the acquisition may intensify competition for players like Ravi Jaipuria-led Varun Beverages, PepsiCo's largest bottler outside the US.
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UK inflation hits 8-month high in Nov
BRITISH INFLATION HIT an eight-month high in November, but the rise in services prices - watched closely by the Bank of England (BoE) as an underlying measure of inflationary pressures - held steady, offering the central bank a little bit of relief.
China's billionaires are making money for the first time since 2020
CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
Indices extend losing streak for third consecutive session
BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.
Shriram Group arm raises $1.28-bn loan
SHRIRAM FINANCE (SFL), the flagship company of the Shriram Group, raised $1.277 billion in multiple currencies, including dollar, euro and dirham (AED), through an external commercial borrowing (ECB) loan transaction.
Rupee moves closer to 85/$
ON A SLIPPERY TRACK
Offshore instruments rule adds to compliance burden for FPIs: Experts
Negligible trades with derivatives as underlying assets in last three years
Mobikwik debuts at 58% premium; ends opening day with 90% gains
Vishal Mega Mart sees over 40% gains in opening trade
Amazon sells Shoppers Stop stake for â¹276 cr
GLOBAL E-COMMERCE GI-ANT
Chinese auto parts imports flat in H1
IMPORTS OF CHINESE auto components, which used to be quite high till a few years ago, are now seeing their growth rate plateauing.
Welspun arm looks to raise â¹4,000 cr
WELSPUN ONE, THE logistics and industrial property arm of Welspun group, plans to raise â¹4,000 crore to fund its expansion.