Varun Beverages inches up on acquiring 39.93% stake of Lunarmech
Varun Beverages is currently trading at Rs. 646.20, up by 0.60 points or 0.09% from its previous closing of Rs. 645.60 on the BSE.
The scrip opened at Rs. 646.00 and has touched a high and low of Rs. 657.00 and Rs. 643.40 respectively. So far 151482 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 682.84 on 29-Jul-2024 and a 52 week low of Rs. 438.00 on 18-Dec-2023.
Last one week high and low of the scrip stood at Rs. 657.00 and Rs. 635.55 respectively. The current market cap of the company is Rs. 218510.51 crore.
The promoters holding in the company stood at 62.66%, while Institutions and Non-Institutions held 29.17% and 8.18% respectively.
Varun Beverages has acquired 39.93% of the issued and paid-up Equity Share Capital of Lunarmech Technologies (Lunarmech) and accordingly, it has become wholly-owned subsidiary of the Company with effect from December 16, 2024.
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
