Indian billionaire Ravi Jaipuria scraps South African dairy deal, heads to arbitration
Varun Beverages, controlled by Indian billionaire Ravi Jaipuria, terminated its R238 million Crickley Dairy deal and sent the dispute to arbitration.
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Varun Beverages, controlled by Indian billionaire Ravi Jaipuria, terminated its R238 million Crickley Dairy deal and sent the dispute to arbitration.
Ravi Jaipuria's Varun Beverages is entering Kenya with a $32 million deal for the dairy, juice and water business of a family-owned company.
Indian billionaire Ravi Jaipuria has opened a $40 million manufacturing complex in Zimbabwe, signaling an aggressive African push by Varun Beverages.
Varun Beverages is acquiring South Africa's Crickley Dairy for ZAR 238 million ($14.3 million), marking its first move into dairy products.