Varun Beverages Ltd (VBL), which us recognized as a “Pepsi” company, hit a life time high today at Rs.590 and continues to hover around the same high levels. Volumes have shot up almost 8.5 times.

The company makes carbonated and non-carbonated soft drinks and packaged drinking water under the umbrella of Pepsi. It is the largest franchisee in the world.

VBL announced that it has signed an agreement to acquire PepsiCo India's previously franchised sub-territory in Jharkhand along with manufacturing facilities and franchise rights for Chhattisgarh. 

Upon completion of this acquisition, the company will be a franchisee for PepsiCo products across 20 States and 2 Union Territories of India.