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Varun Beverages gets nod to raise capital up to Rs 1,500 crore through QIP

26 Feb 2019 Evaluate

Varun Beverages has received an approval to raise capital up to Rs 1,500 crore through Qualified Institutions Placement (QIP). The Board of Directors of the company in their meeting held on February 26, 2019, approved the same.

Varun Beverages is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA).

Peers
Company Name CMP
Nestle India 1183.50
Varun Beverages 413.55
Britannia Industries 4675.55
LT Foods 379.30
Hatsun Agro Product 1008.70
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