PepsiCo, Coca Cola, Parle Agro Eye Manpasand Stake Buy
  • WebDesk BTVI
  • Jul 16 2019

Multinational firms PepsiCo and Coca Cola, and domestic FMCG company Parle Agro are planning to buy stake in Manpasand Beverages, according to sources. With almost 100 per cent of the promoter holding pledged with lenders, the company is seen as an attractive target for buyers, but corporate governance overhang could impact the valuation and process of a deal. BTVI's Shantanu Guha Ray joins in with more details.