Beverage maker PepsiCo has exited the Indian Premier League (IPL) T20 tournament as title sponsor and could be replaced by Chinese mobile phone maker Vivo. PepsiCo will continue to be associated with the IPL as beverage partner with the independent IPL teams.
Globally, PepsiCo chairman Indra Nooyi has already said that the company will only associate with ethical and clean sporting proper ties. PepsiCo had earlier terminated its contract with ace golfer Tiger Woods following a sex scandal. It had also terminated its contract with singer Beyonce over controversies.