Varun Beverages (VBL) is PepsiCo India’s bottling franchisee, operating since last 25 years. It is engaged in the business of producing and distributing wide range of PepsiCo’s beverages. It has total 21 manufacturing facilities in India and a few other countries. Indian operations account for 82% of its total revenues while rest of the revenues comes from other countries.
On 25th Oct, India's fifth-largest housing finance company has made a debut on Dalal Street, with its initial public offer (IPO) opened for subscription. PNB Housing Finance, from the Punjab National Bank (PNB share price- 0.27%) stable has aimed to raise Rs 3000 crore. The IPO which will close for subscription on October 27 is going to be the second largest issue of 2016 after ICICI Pruden
PNB Housing Finance (PNBH) has been one of the fastest growing Housing Finance Company and is currently the 5th largest player in India. Strong Brand name of PNB & efficient management has helped in growing the business much ahead of industry. With 49% stake being held by Pvt Equity Major Carlyle group, PNBH is all set to scale up its operations.
About the Company
Varun Beverages Ltd (VBL) is one of the largest franchisee in the world (outside USA) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. VBL produces and distributes a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brand
On a strong growth footing; SUBSCRIBE
PNB Housing Finance (PNBHFL) is the fastest growing housing finance company, albeit on a small base (~1% market share in individual housing loans). A well-diversified loan portfolio, low market share and healthy liability franchise should allow PNBHFL to maintain faster than industry growth rates in the medium term
PNB Housing Finance Limited (PNBHFL) is the fifth largest housing finance company (behind HDFC, Indiabulls Housing, LICHF & DHFL) and is a 51% subsidiary of Punjab National Bank. Over last five years, PNBHFL implemented a business process transformation and re-engineering programme, which has transformed the company into the fastest growing HFC among the leading HFCs in India as of FY15 (IM
The Rs 3,000 crores initial public offer (IPO) of state-owned PNB’s subsidiary PNB Housing Finance opens on Tuesday, 24th October 2016, in a price band of Rs 750 to 775. The company intends to utilize the IPO proceeds to augment its capital base in order to meet their future capital requirements.
Public sector lender Punjab National Bank (PNB) has around 51 per cent stake in PNB