Varun Beverages plans to raise Rs 7,500 crore to fuel expansion and growth

Varun Beverages plans to raise Rs 7,500 crore to fuel expansion and growth

NEW DELHI: PepsiCo‘s primary bottling partner, Varun Beverages, plans to fund its growth plans by raising Rs 7,500 crore through Qualified Institutional Placement (QIP). The company’s board, according to a regulatory filing has approved the proposal on Wednesday, allowing for the issuance of equity shares in one or more tranches, subject to shareholder approval via…

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