Varun Beverages Limited, a major bottler for PepsiCo in India and the second-largest franchisee of PepsiCo globally, is planning to raise up to Rs 7,500 crore through a qualified institutional placement (QIP) targeted at institutional investors.

The fundraising initiative is expected to be launched next month, subject to shareholder approval, with a feedback deadline of November 8.

The funds raised will primarily be used for expanding capacity and making investments in subsidiaries, joint ventures, or associates.

The company aims to diversify its product portfolio, explore new markets, and pursue strategic acquisitions.

Varun Beverages has enlisted the services of Kotak Mahindra Capital and Jefferies as its advisors for this significant fundraising effort.

With operations in ten countries and distribution rights in four more, Varun Beverages sells a variety of PepsiCo licensed products, including soft drinks, fruit juices, energy drinks, and packaged water.

This move highlights the company's commitment to strengthening its financial position and supporting its growth trajectory.