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| Exchange Received Time 20/12/2017 19:36:11 Exchange Disseminated Time 20/12/2017 19:36:16 Time Taken 00:00:05 | Dear Sir/Madam,
The Board of Directors at their meeting held today (started at 4.00 P.M. and concluded at 5.00 P.M.) considered and approved:
Its intent to enter into a binding agreement to acquire PepsiCo India's previously franchised sub territory in the State of Jharkahand (20 districts) along with manufacturing facilities and franchisee rights for the state of Chhattisgarh, subject to the satisfactory completion of due diligence and final approval of PepsiCo. Upon completion of this acquisition, Company will be a franchisee for PepsiCo products across 20 States and 2 Union Territories of India.
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