PE fund AION fully exits Varun Beverages, walks away with handsome returns

AION, a joint venture between Apollo Global Management and ICICI Venture, had invested $90 million in Varun Beverages

bottles, softdrink

Varun Beverages is the flagship company of the Ravi Jaipuria group

Private equity fund AION has decided to completely exit the Ravi Jaipuria-promoted Varun Beverages, bottlers for beverage giant Pepsi.

This comes nearly three and a half year after it invested

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First Published: Apr 17 2019 | 3:24 PM IST

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