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Varun Beverages Shares
Varun Beverages, PepsiCo's largest franchise bottler, on Tuesday extended the deadline for completion of the acquisition of Ghana-based SBC Beverages for a month to March 31. On November 13, 2024, Varun Beverages Ltd (VBL) had entered into a share purchase agreement for the purchase of 100 per cent shares of SBC Beverages Ghana at USD 15.06 million (Rs 127.1 crore). The company had estimated to complete the transaction by the end of February 2025. However, in regulatory updates, VBL said "consummation of the aforesaid transaction is extended up to March 31, 2025, instead of February 28, 2025". Last November, VBL entered into a share purchase agreement with Tanzania Bottling Company SA and SBC Beverages Ghana for purchase of 100 per cent shares at USD 154.50 million and USD 15.06 million, respectively. Both are PepsiCo's business. VBL has already raised Rs 7,500 crore in 2024 through QIP and utilisation of proceeds is primarily towards repayment of debt as well as acquisitions. Sh
Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutional Placement (QIP) route to fund its growth plans. The board of the company in a meeting held on Wednesday approved the proposal for "raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore" through QIP, according to a regulatory filing by the company. The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of equity shareholders of the company" through postal ballot, it added. The proceeds from this fundraise would be utilised in "making investments in subsidiaries, joint ventures or associates" or to "fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions". This will also help in "Pre-payment or repayment" of debts and in general corporate purposes, Varun Beverages
Pepsico India Holdings' consolidated revenue from operations during April-December 2023 was at Rs 5,954.16 crore and profit was Rs 217.26 crore, according to financial data accessed by business intelligence platform Tofler. Total income, which also includes other income, was at Rs 6,094.70 crore in the nine-month period. The company has changed its financial year from April-March to January-December, hence it has come out with three quarters results of 2023. It follows the calendar year as financial year from January 2024. During the nine months, its revenue from sales in the domestic market was at Rs 5,533.63 crore. Exports contributed Rs 266.19 crore to the total revenue of the company, which is not a publicly listed entity. Revenue from the snacks business in which it operates with brands including Kurkure, Lays, Doritos and Quaker was at Rs 4,763.29 crore. Pepsico India's revenue from the beverages business in which it operates with fizz-based drinks and juices with brands suc
Varun Beverages, leading bottler of beverage major PepsiCo, on Saturday said it has started commercial production of soft drinks and energy drinks from its production facility at Gorakhpur, Uttar Pradesh. The Jaipuria family-promoted firm will also start juices and value-added dairy products from the Gorakhpur facility, Varun Beverages Ltd (VBL) said in a regulatory filing. "Our company has today started commercial production of carbonated soft drinks & energy drinks (juices and value added dairy products to be started) at its production facility at Gorakhpur, Uttar Pradesh," it said. VBL said it is investing about Rs 1,100 crore for the greenfield project. In its latest annual report statement, VBL said it is expanding production capacities in the juices and value-added dairy products segments in 2024. VBL operates across six countries. Three markets of the Indian Subcontinent -- India, Sri Lanka, and Nepal contributed 83 per cent of its net revenues, while three African ...
Varun Beverages, leading bottler of beverage major PepsiCo, is expanding its production capacities in the juices and value-added dairy products segments in 2024, according to the latest annual report of the company. Besides, Varun Beverages Ltd (VBL) is strengthening its distribution network and chilling infrastructure, which is essential to enhance presence in the existing and under-penetrated markets, its promoter & Non-Executive Chairman Ravi Jaipuria told shareholders. "Central to our expansion strategy for CY 2024 is the further development of manufacturing facilities, with a focus on adapting to evolving consumer preferences and market trends. We are particularly concentrating on increasing our production capacities in the juices and value-added dairy products segments," he said. The company operates across six countries. Three markets of the Indian Sub-continent, India, Sri Lanka and Nepal, contributed 83 per cent of its net revenues, while three African countries, Morocco,