Varun Beverages has informed that the Board of Directors of the company at their meeting held today (started at 09:30 am and concluded at 09:45 am) considered and approved the following: (i) Raising of funds by way of issuance of Equity Shares for an aggregate amount not exceeding Rs. 7,500 Crore, in one or more tranche(s), through Qualified Institutions Placement (‘QIP’), subject to receipt of approval of Equity Shareholders of the Company through Postal Ballot and any other regulatory/ statutory approvals (if any). (ii) Notice of Postal Ballot for seeking approval of Equity Shareholders in respect of raising of funds by way of issuance of Equity Shares through QIP. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/ CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure -I. The above information is being uploaded on website of the Company at www.varunbeverages.com.
The above information is a part of company’s filings submitted to BSE.
