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Varun Beverages to incorporate subsidiary in Mozambique

06 Nov 2023 Evaluate

Varun Beverages has received an approval to incorporate a subsidiary company in Mozambique in the name of 'VBL Mozambique', inter-alia to carry on the business of distribution of Beverages. It will help the company to expand its business operations in Mozambique. The Board of Directors at their meeting held on November 6, 2023, considered and approved the same.

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


Peers
Company Name CMP
Nestle India 1190.00
Varun Beverages 413.85
Britannia Industries 4688.00
LT Foods 383.30
Hatsun Agro Product 997.00
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