India, May 22 -- poppi, a fast-growing prebiotic soda brand, is among PepsiCo's recent acquisitions

PepsiCo has closed the acquisition of poppi for$1.95 billion, including$300 millionof anticipated cash tax benefits for a net purchase price of$1.65 billion. The transaction also includes a performance-based earnout contingent on achieving certain performance metrics.

The acquisition marks a significant step in PepsiCo's ongoing transformation of its portfolio, reinforcing its commitment to meeting evolving consumer preferences for great-tasting, functional products. poppi, a fast-growing prebiotic soda brand, is among PepsiCo's recent acquisitions, including Siete and Sabra, aimed at aligning with consumers' modern wellness priorities. ...