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StanChart PE eyes 15% in CK Jaipuria Group

Standard Chartered Private Equity fund is in talks to buy a 15% stake in bottling company CK Jaipuria Group for as much as Rs 150 crore.

The bottler for PepsiCo in India may use the funds to diversify into hotels and restaurants business and also expand the bottling business, said a person familiar with the plans.

CK Jaipuria, chairman & MD at the bottling company, did not respond to an e-mail on the issue. Nainesh Jaisingh, managing director at the Standard Chartered PE fund declined to comment for the story. The PepsiCo bottler’s earlier efforts to get funds from Motilal Oswal Private Equity Advisors and Beacon India Private Equity Fund failed for undisclosed reasons.

The CK Jaipuria Group owns bottling plants in Andhra Pradesh, Delhi and Jammu & Kashmir. Three Jaipuria brothers control about half the PepsiCo bottling operations in India in three separate ventures which is estimated to be generating revenues of Rs 2,500 crore. The other two are Ravi and SK Jaipuria who run independent businesses.

Source: Economic Times


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