Varun Beverages profits on getting CCI’s nod for proposed acquisition of franchise rights from Pepsico

Varun Beverages profits on getting CCI’s nod for proposed acquisition of franchise rights from Pepsico

by admin- Monday, March 25th, 2019 04:29:35 PM

Varun Beverages is presently trading at Rs. 816.35, up by 6.Ninety points or zero.Eighty five% from its previous closing of Rs. 809.45 on the BSE.

The scrip opened at Rs. 805.50 and has touched a high and coffee of Rs. 816.35 and Rs. 790.10 respectively. So a long way 1514 stocks have been traded at the counter.

The BSE organization ‘A’ stock of face cost Rs. 10 has touched a 52 week excessive of Rs. 849.00 on 21-Sep-2018 and a fifty two week low of Rs. 592.80 on 23-Mar-2018.

Last one week excessive and occasional of the scrip stood at Rs. 827.00 and Rs. 790.10 respectively. The present day marketplace cap of the agency is Rs. 14769.20 crore.

The promoters conserving in the enterprise stood at 73.56% whilst Institutions and Non-Institutions held 18.78% and seven.66% respectively.

Varun Beverages has acquired an approval from the Competition Commission of India (CCI) for the proposed acquisition of franchise rights in South and West Regions from Pepsico India Holding (Pepsico).

Earlier, in February, Varun Beverages had acquired the Board’s approval to enter into a binding settlement with PepsiCo to gather franchise rights in South and West areas from PepsiCo for a national bottling, sales and distribution footprint in 7 states and 5 Union Territories.

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