India Digest: AION exits Varun Beverages; Shuttl raises $5m from US VC

Cans of Pepsi are displayed at the Roland Garros stadium in Paris, France, May 28, 2016. REUTERS/Jacky Naegelen/File Photo

Private equity fund AION has sold its existing 4.5 per cent stake in Ravi Jaipuria-promoted Varun Beverages, while bus aggregator Shuttl has raised $5 million from New Atlantic Ventures.

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