MoneyWorks4Me

Varun Beverages raises Rs 900 crore through QIP

09 Sep 2019 Evaluate

Varun Beverages has raised Rs 899.99 crore through qualified institutional placement (QIP). Earlier this year, the company had announced plans to acquire PepsiCo's franchise rights in southern and western India

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 1382.90
Varun Beverages 412.70
Britannia Industries 4990.00
LT Foods 413.85
Hatsun Agro Product 1237.80
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