Pepsico sells land parcel to Wadhwa Group for ₹ 190 cr

American snack and beverage giant PepsiCo India has sold a 2.5-acre land parcel in the Central suburb Chembur to The Wadhwa Group for ₹ 190-200 crore.Pepsi had bought the land parcel from Videocon in 1996 to set up a bottling plant for their beverage Duke’s. The factory has been defunct since 2014.Industry watchers stated that several key developers were eyeing the marquee land parcel for its strategic location.

Wadhwa Group had outbid players such as Godrej Properties, K Raheja Corp, Mahindra Lifespace among others.Wadhwa Group plans to develop the project into a residential segment.

So, let’s discuss some questions related to this post:
Q1. Name the Company, which sells land parcel to Wadhwa Group for Rs. 190 crore,recently?
Ans1. Pepsico

Source-The Hindu


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