Varun Beverages to invest Rs.413-Cr in South African arm Bevco

Pepsi bottler Varun Beverages Ltd (VBL) is to invest INR 413 crore in its South African subsidiary Beverage Company Proprietary (Bevco).Bevco is engaged in the business of manufacturing and distribution of licensed products from PepsiCo and also own-branded non-alcoholic beverages in South Africa.