Varun Beverages has raised Rs 300 crore by issuing Non-Convertible Debentures (NCDs) on private placement basis. The company has raised Rs 300 crore by issue of 1,500 NCDs of Rs 10 lakh each to RBL Bank and Kotak Mahindra Bank on a private placement basis. The debenture would be listed on National Stock Exchange (NSE).
Varun Beverages is one of the largest franchisee in the world (outside US) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company produces and distributes a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water.
