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Varun Beverages Ipo

Varun Beverages announces Rs 412 cr investment in South African subsidiary

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

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

Varun Beverages Q1 results: Revenue up 11.3%, net profit at Rs 537 cr

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

Varun Beverages Q1 results: Revenue up 11.3%, net profit at Rs 537 cr
Updated On : 13 May 2024 | 1:43 PM IST

Varun Beverages Q4 result: Profits surge 77%, revenue at Rs 2,731 cr

Consolidated net profit rose to Rs 132 cr ($15.9 million) for the fourth quarter ended Dec. 31, compared with Rs 74.75 crore rupees in the year-ago period

Varun Beverages Q4 result: Profits surge 77%, revenue at Rs 2,731 cr
Updated On : 05 Feb 2024 | 2:03 PM IST

Expansion, product mix to fizz up Varun Beverages' volumes and margins

Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22

Expansion, product mix to fizz up Varun Beverages' volumes and margins
Updated On : 03 Nov 2022 | 11:25 PM IST

Byju's in talks to go public via SPAC deal, seeks $48-bn valuation: Report

The startup held talks with several potential SPAC partners and is farthest along in working out an agreement with Michael Klein's Churchill Capital

Byju's in talks to go public via SPAC deal, seeks $48-bn valuation: Report
Updated On : 17 May 2022 | 8:41 AM IST

Varun Beverages ends flat on market debut

The shares touched a high of Rs 471 and a low of Rs 417 on the BSE

Varun Beverages ends flat on market debut
Updated On : 09 Nov 2016 | 1:15 AM IST

10 things you should know about Varun Beverages IPO

Company is one of the largest franchisees in the world (outside USA) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) for PepsiCo

10 things you should know about Varun Beverages IPO
Updated On : 20 Oct 2016 | 11:52 AM IST