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Varun Beverages

Varun Beverages Ltd (VBL), the leading bottler of PepsiCo, on Thursday announced to invest Rs 412 crore in its South African subsidiary Beverage Company Proprietary (Bevco). Bevco, an existing subsidiary of our VBL, is engaged in the business of manufacturing and distribution of licensed products from PepsiCo and also own-branded non-alcoholic beverages in South Africa. Besides Bevco also has franchise rights from PepsiCo in South Africa, Lesotho and Eswatini. The company has "invested Rs 412.80 crore by subscribing Ordinary Shares of its subsidiary company i.e. The Beverage Company Proprietary Limited, South Africa," VBL said in a regulatory filing. Bevco allotted 19.84 lakh ordinary shares to VBL and this fresh investment will result in an incremental share capital of 2.42 per cent, according to a disclosure by the company. It will also help "Bevco to repay its existing debt and strengthen balance sheet for business growth," BVL added. Promoted by the Jaipuria family, VBL accou

Updated On: 02 Jan 2025 | 8:30 PM IST
Bs_logoVarun Beverages announces Rs 412 cr investment in South African subsidiary

Stocks to Watch, Dec 12: From Swiggy to Jubilant Foodworks, here are some stocks that will be on investors radar today

Updated On: 12 Dec 2024 | 7:48 AM IST
Bs_logoStocks to Watch, Dec 12: Jubilant FoodWorks, SBI, Vedanta, Swiggy, Emami

The Bhartias and the Jaipurias are already competing in the quick-service restaurant (QSR) space as both have known global brands in their portfolios

Updated On: 11 Dec 2024 | 11:57 PM IST
Bs_logoAfter QSR, Bhartias and Jaipurias to battle it out in soft drink space

The VBL board approved the acquisition of SBC Tanzania for Rs 1,304 crore and SBC Beverages Ghana for Rs 127 crore

Updated On: 11 Dec 2024 | 11:22 PM IST
Bs_logoVarun Beverages' growth strategy could prove beneficial for investors

Varun Beverages, which follows a January-December financial year, in 2023, reported net revenues at Rs 16,042.58 crore, up 21.8 per cent

Updated On: 14 Nov 2024 | 1:04 PM IST
Bs_logoVarun Beverages up 5% on launching QIP, to raise up to Rs 7,500 crore

During the three months ending Sept. 30, its India volume growth came in at 5.7 per cent

Updated On: 22 Oct 2024 | 11:25 PM IST
Bs_logoVarun Beverages Q3 result: Profit rises 24% to Rs 620 cr on healthy demand

Varun Beverages share price gained after the company said that its board has approved raising of funds up to Rs 7,500 crore through Qualified Institutions Placement (QIP).

Updated On: 09 Oct 2024 | 1:10 PM IST

The rationale behind the split is to enhance liquidity of the company's equity shares and to encourage participation of small investors by making equity shares of the company more attractive to invest

Updated On: 12 Sep 2024 | 10:18 AM IST

The Board of directors fixed Thursday, September 12, 2024, as the 'Record Date' for sub-division / split of existing equity shares of the company

Updated On: 11 Sep 2024 | 12:57 PM IST

Revenue grew 29 per cent Y-o-Y to Rs 7,330 crore which was below expectations. Volume grew to 402 million cases, up 28 per cent

Updated On: 31 Jul 2024 | 10:24 PM IST

The company, which follows the January-December financial year, had reported a net profit of Rs 994 crore in the year-ago period

Updated On: 30 Jul 2024 | 7:27 PM IST

The fall in the stock price came after investors jumped to book profit after stellar numbers in the second quarter and half year ended June 30, 2024 (H1CY24), which met street estimates.

Updated On: 30 Jul 2024 | 12:51 PM IST

The food and beverage giant in India changed its financial year to January-December from April-March to align with its parent company

Updated On: 27 Jul 2024 | 2:27 PM IST

From a technical analysis perspective, the Daily RSI has reversed from 50 levels, further signalling a positive outlook for Bajaj Auto stock.

Updated On: 16 Jul 2024 | 7:58 AM IST

Varun Beverages Ltd, a franchise partner of PepsiCo, on Monday said its two subsidiaries plan to enter into an agreement with the multinational food and beverages major to manufacture, distribute and sell the snacks brand 'Simba Munchiez' in Zimbabwe and Zambia. The company plans to set up manufacturing units in Zimbabwe and Zambia entailing an investment of USD 7 million (around Rs 60 crore), according to a regulatory filing by Varun Beverages Ltd (VBL). Through its subsidiaries - VFZ Varun Foods (Zimbabwe) Pvt Ltd (VFZ) and Varun Beverages (Zambia) Ltd (VBZ), VBL has discussed with PepsiCo to further strengthen and expand the latter's footprint in the snacks portfolio. It has discussed with PepsiCo to enter into an exclusive snacks franchising appointment with Premier Nutrition Trading LLC, Dubai (a PepsiCo Inc. subsidiary) to manufacture, distribute and sell 'Simba Munchiez' in the territory of Zimbabwe and Zambia, the filing added. "As per the understanding, an estimated ...

Updated On: 15 Jul 2024 | 5:15 PM IST

Beverage major sees double-digit growth in convenient foods, beverages in Q2 in India

Updated On: 11 Jul 2024 | 11:18 PM IST

On an hourly scale, MRPL has been showing a consolidation pattern above the 21, 50, 100, and 200-period Exponential Moving Averages (EMA)

Updated On: 04 Jul 2024 | 6:45 AM IST

Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Updated On: 27 May 2024 | 7:46 AM IST

PepsiCo's bottling partner focused on reducing sugar content in beverages

Updated On: 13 May 2024 | 8:30 PM IST

Consolidated revenue from operations in the first quarter stood at Rs 4,397.98 crore as against Rs 3,952.59 crore in the year-ago period, it added

Updated On: 13 May 2024 | 1:43 PM IST