Varun Beverages is currently trading at Rs. 776.05, up by 11.55 points or 1.51% from its previous closing of Rs. 764.50 on the BSE.
The scrip opened at Rs. 765.00 and has touched a high and low of Rs. 799.80 and Rs. 765.00 respectively. So far 3203 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 849.00 on 21-Sep-2018 and a 52 week low of Rs. 592.80 on 23-Mar-2018.
Last one week high and low of the scrip stood at Rs. 810.00 and Rs. 744.95 respectively. The current market cap of the company is Rs. 14446.98 crore.
The promoters holding in the company stood at 73.56%, while Institutions and Non-Institutions held 18.78% and 7.66% respectively.
Varun Beverages has received an approval to enter into a binding agreement with PepsiCo India Holdings (PepsiCo) to acquire franchise rights in South and West regions from PepsiCo for a national bottling, sales and distribution footprint in 7 states and 5 Union Territories.
Upon completion of these acquisitions, the company will be a franchise of PepsiCo beverages business across 27 states and 7 Union Territories of India. The proposed acquisitions are in line with the company's strategy to expand into contiguous territories and will help to acquire greater scale, operational productivity and efficiency leading to higher revenues and profitable growth.
The Board of Directors of the company at their meeting held on February 18, 2019, considered and approved the same.
Varun Beverages is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA).
| Company Name | CMP |
|---|---|
| Varun Beverages | 539.55 |
| Nestle | 2251.05 |
| Britannia Inds | 4936.90 |
| Marico | 651.45 |
| Hatsun Agro Product | 964.70 |
| View more.. | |
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