PepsiCo has confirmed that it is to buy one of the bottling operations of SK Jaipuria in India. The soft drinks giant told just-drinks yesterday (30 November) that it will acquire the operations of its franchisee bottler in the state of Andhra Pradesh.

The transaction is dependent on regulatory approvals, a spokesman said.

Contrary to media reports in India, the spokesman denied that the parties have been in talks for over a year for a possible takeover. He did not clarify, however, how long the two companies had been holding discussions prior to agreement being reached.

"SK Jaipuria will continue to be a Pepsi bottler in his other territories," the spokesman added. SK Jaipuria is one of three brothers - the others being Ravi and CK - who are the main franchisee bottlers of Pepsi in India. Between them, they control between 35% and 40% of Pepsi's market share in India, local reports have noted.

SK Jaipuria's plant in Andhra Pradesh bottles over 600 units per minute, according to Indian media reports.

Financial details surrounding the purchase were not disclosed by Pepsi.