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Varun Beverages incorporates new wholly-owned subsidiary company

01 Feb 2022 Evaluate

Varun Beverages has incorporated a new wholly-owned subsidiary company namely ‘Varun Beverages International DMCC’ in Dubai, United Arab Emirates inter-alia to render business related management and technical services to the Company and its subsidiaries. Cash consideration is Emirati Dirham 100,000 towards subscription of 100 shares of face value of Emirati Dirham 1,000 each.

Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.

Peers
Company Name CMP
Nestle India 1390.50
Varun Beverages 413.85
Britannia Industries 5005.00
LT Foods 415.60
Hatsun Agro Product 1226.40
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