Varun Beverages gains on receiving nod to acquire PepsiCo India’s franchisee rights for Bihar

18 Jan 2018 Evaluate

Varun Beverages is currently trading at Rs. 668.55, up by 7.40 points or 1.12% from its previous closing of Rs. 661.15 on the BSE.

The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 686.90 and Rs. 665.00 respectively. So far 7,564 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 761.55 on 02-Jan-2018 and a 52 week low of Rs. 341.25 on 14-Mar-2017.

Last one week high and low of the scrip stood at Rs. 699.75 and Rs. 623.40 respectively. The current market cap of the company is Rs. 12,206.85 crore.

The promoters holding in the company stood at 73.59%, while Institutions and Non-Institutions held 14.12% and 12.30% respectively.

Varun Beverages has received an approval to acquire franchisee rights for PepsiCo India’s previously franchised sub-territory in the state of Bihar. The board of directors at their meeting held on January 17, 2018 approved the same. Upon completion of this acquisition, the company will be a franchisee for PepsiCo products across 20 states and 2 Union Territories of India.

Varun Beverages is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA).


Varun Beverages Share Price

612.20 -16.00 (-2.55%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Nestle 2163.85
Britannia Inds 4700.90
Varun Beverages 612.20
Marico 628.25
Hatsun Agro Product 1017.85
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