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FIPB defers decision on Pepsico plea

FIPB defers decision on Pepsico plea
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First Published: Fri, Jun 08 2007. 10 43 PM IST
Updated: Fri, Jun 08 2007. 10 43 PM IST
New Delhi: The foreign investment promotion board (FIPB) on Friday deferred a decision on soft drinks giant Pepsico India’s request seeking a waiver of a clause that required the company to divest 49% stake in operations that it acquired from local bottlers. At present, the beverages company has five years time to reduce its shareholding from the date of acquisition.
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First Published: Fri, Jun 08 2007. 10 43 PM IST
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