Varun Beverages Limited
Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo.PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange…
What Varun files
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The Share Allotment Committee today approved the allotment of 29,750 Equity Shares of face value of Rs. 2 each upon exercise of stock options vested under the Employees Stock Option Scheme 2016 as per details in enclosed intimation.
Varun Beverages Limited has announced participation in an upcoming investor meeting at the Jefferies India Forum in Gurugram, where management representatives will interact with a group of investors to discuss business operations without sharing any unpublished price-sensitive information.
Varun Beverages (VBL) has incorporated KIVA Spirits and Company Limited, a new wholly-owned subsidiary. This follows the board's earlier approval to establish the new entity.
VBL's board approved establishing an India WOS (Rs. 9 Cr paid-up capital) for RTD/alcoholic beverages, appointing Prathmesh Mishra as CEO. It also greenlit a Tunisia JV (TND 9 Million capital, 75% VBL) for broader beverage production and distribution.
VBL completed the merger of subsidiary Bevco and step-down subsidiary Twizza. Twizza is no longer a step-down subsidiary, streamlining the group structure.