Varun Beverages moves up on incorporating wholly-owned subsidiary in Kenya
Varun Beverages is currently trading at Rs. 455.45, up by 0.85 points or 0.19% from its previous closing of Rs. 454.60 on the BSE.
The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 455.60 and Rs. 451.85 respectively. So far 61088 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 663.70 on 02-Jan-2025 and a 52 week low of Rs. 419.40 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 463.90 and Rs. 448.95 respectively. The current market cap of the company is Rs. 153136.45 crore.
The promoters holding in the company stood at 59.44%, while Institutions and Non-Institutions held 33.72% and 6.84% respectively.
Varun Beverages has incorporated a wholly-owned subsidiary company in Kenya namely VBL Industries (Kenya). The company has incorporated a wholly-owned subsidiary to carry on the business of manufacturing, distribution and selling of Beverages.
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
