Published on 5/01/2018 12:48:22 PM | Source: Dion Global Solutions Ltd
Varun Beverages rises 9% on deal with PepsiCo India
Shares of Varun Beverages jumped nearly 9 per cent on the Bombay Stock Exchange after the company and PepsiCo India decided to enter into a strategic partnership for Tropicana. Buoyed by deal with PepsiCo, shares of the company gained as much 8.98 per cent to touch an intra-day high of Rs 750.40 apiece on the Bombay Stock Exchange.
In a similar fashion, shares of the firm were trading 5.54 per cent higher at Rs 725.30 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,111.10, up 141.46 points, or 0.42 per cent, at 11:28 hours.