To sell a minority stake for Rs 300 crore, Varun Beverages, a part of the RJ Corp Group, is in talks with PE firms. The company plans to use the funds for expanding its operations overseas.    

Sources said that GIC Singapore, Temasek, Apax Partners and Blackstone have been approached independently and are in preliminary stages of discussion. The company is also planning an IPO in FY15 to widen its capital base.    

RJ Corp was established by food and beverage entrepreneur, Ravi Kant Jaipuria in 1991 and in the same year had signed a license agreement with PepsiCo.    

It is PepsiCo's biggest bottler in India and South Asia and manages about 10 of the beverage maker's bottling plants across Haryana, Western UP, Rajasthan, the North East, Goa and Delhi-NCR in the country. Overseas, RJ Corp operates PepsiCo bottling operations in Nepal, Sri Lanka, Mozambique, Zambia and Morocco. It produces and markets 30 per cent of Pepsi's business in India.