Jubilant FoodWorks has entered into an agreement with Coca-Cola India to buy the portfolio of sparkling beverage and other products.
Jubilant FoodWorks, a subsidiary of Jubilant Bhartia Group, will conduct marketing activities for the products as per the pact.
A master agreement will be executed between the parties starting from April 2025, based on the terms mentioned in the MoU.
The acquisition will enhance Jubilant FoodWorks' consumer offerings and aligns with Jubilant Bhartia Group's strategy of diversifying business interests.