November 23, 2024 00:40 (IST)
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PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report

PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report

Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.

Varun Beverages shares jump as board approves raising up to Rs 7,500 crore via QIP

Varun Beverages shares jump as board approves raising up to Rs 7,500 crore via QIP

Mumbai/IBNS: Shares of Varun Beverages surged in Wednesday's (Oct. 9) trading session after the board of the PepsiCo bottler approved a plan to raise Rs 7,500 crore through qualified institutional placement (QIP) to support its growth initiatives and enhance its balance sheet.

Varun Beverages to buy Pepsi India's bottler in South Africa

Varun Beverages to buy Pepsi India's bottler in South Africa

Varun Beverages, the Pepsi India bottler, on Tuesday announced its plans to acquire The Beverage Company, a South Africa-based entity, in a deal valued at 13.2 billion rupees ($158.71 million), media reports said.