CCEA exempts Pepsico India from stake sale

The Cabinet Committee on Economic Affairs today gave its approval to the proposal of M/s. Pepsico Holding Private Limited, subject to the conditions recommended by Foreign Investment Promotion Board (FIPB), to delete the condition of divestment.

CCEA also gave its nod to invest additional equity in Pepsico India Holdings Private Limited to the tune of US$ 50 million.

The approval would result in FDI amounting to Rs.250 crore (approx.) in the country.

Source : Press Information Bureau

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