Varun Beverages Limited

VBL

INE200M01021

Non-Alcoholic Beverages

Market Closed - NSE India S.E. Other stock markets 07:43:49 2024-04-26 am EDT			5-day change	1st Jan Change
1,460 ^INR	+1.23%		+4.56%	+18.01%

Apr. 15	Varun Beverages Starts Production of Carbonated Soft Drinks, Energy Drinks at Gorakhpur, India Facility	MT
Apr. 13	Varun Beverages Limited Starts Commercial Production of Carbonated Soft Drilling & Energy Drilling & Energy Drills At Gorakhpur, Uttar Pradesh	CI

India's Varun Beverages to buy The Beverage Company for $159 million

December 19, 2023 at 05:44 am EST

BENGALURU (Reuters) - Pepsi India bottler Varun Beverages on Tuesday said it will acquire South Africa-based The Beverage Company as well as its units in a deal at an enterprise value of 13.2 billion rupees ($158.71 million).

($1 = 83.1725 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane Venkatraman)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TOPIX INDEX	2,686 PTS	+0.86%	+2.29%	-
DOW JONES SOUTH AFRICA(ZAR)	1,962 PTS	+1.81%	+2.51%	-
VARUN BEVERAGES LIMITED	1,460 INR	+1.23%	+4.56%	22.74B
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+2.72%	-
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.49%	-

Latest news about Varun Beverages Limited

Varun Beverages Starts Production of Carbonated Soft Drinks, Energy Drinks at Gorakhpur, India Facility	Apr. 14	MT
Varun Beverages Limited Starts Commercial Production of Carbonated Soft Drilling & Energy Drilling & Energy Drills At Gorakhpur, Uttar Pradesh	Apr. 13	CI
Varun Beverages Limited Announces Resignation of Parag Paranjpe as Group Chief Human Resources Officer, Effective March 31, 2024	Mar. 29	CI
Varun Beverages Completes Acquisition of South African Beverage Company	Mar. 27	MT
Varun Beverages Limited completed the acquisition of The Beverage Company.	Mar. 25	CI
Varun Beverages Limited Announces the Resignation of Meeru G Gupta as General Counsel, Legal (Senior Management Personnel), Effective from March 16, 2024	Mar. 16	CI
Varun Beverages, PepsiCo Tie Up to Manufacture 'Cheetos' Snack in Morroco	Feb. 21	MT
Varun Beverages Clocks Gains in Fiscal Q3 Consolidated Net Profit; Shares Rise 3%	Feb. 06	MT
Indian consumer goods sector slows; rural shows recovery signs - NielsenIQ	Feb. 06	RE
Transcript : Varun Beverages Limited, Q4 2023 Earnings Call, Feb 05, 2024	Feb. 05
Varun Beverages Reports Fourth-Quarter Net Profit Growth on Higher Revenue	Feb. 05	DJ
Pepsi India bottler Varun Beverages' Q4 profit surges 77% on upbeat demand	Feb. 05	RE
Varun Beverages Limited Proposes Final Dividend for the Financial Year Ended December 31, 2023, Payable on and from April 5, 2024	Feb. 05	CI
Varun Beverages Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 05	CI
Varun Beverages Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 05	CI
Indian shares set to open little changed	Feb. 04	RE
Varun Starts Commercial Production of Beverages in Maharashtra, India Plant	Jan. 26	MT
Varun Beverages to Acquire South Africa's Beverage Company for ZAR3 Billion; Shares Surge 10%	Dec. 20	MT
India's Varun beverages surges on S. Africa foray with $159 million deal	Dec. 19	RE
Varun Beverages to Build Manufacturing Plant in Jharkhand, India	Dec. 19	MT
India's Varun Beverages to buy The Beverage Company for $159 million	Dec. 19	RE
Varun Beverages Limited agreed to acquire The Beverage Company for ZAR 3 billion.	Dec. 18	CI
Varun Beverages Forms Subsidiary in Mozambique	Nov. 28	MT
Varun Beverages Limited Provides Update on Incorporation of Subsidiary Company in Mozambique	Nov. 28	CI
Varun Beverages Names HR Chief and COO for East and Central Region; Shares Climb 4%	Nov. 23	MT

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Company Profile

Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by it include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It has approximately 34 manufacturing plants in India and over six manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe). Its subsidiaries include Varun Beverages (Nepal) Private Limited, Varun Beverages Lanka (Private) Limited, The Beverage Company Proprietary Limited, and others.

Sector

Non-Alcoholic Beverages

Calendar

2024-04-30 - Q1 2024 Earnings Release (Projected)

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Ratings for Varun Beverages Limited

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Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,460 INR

Average target price

1,514 INR

Spread / Average Target

+3.73%

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Other Non-Alcoholic Beverages

Varun Beverages Limited

Equities

VBL

INE200M01021

Non-Alcoholic Beverages

India's Varun Beverages to buy The Beverage Company for $159 million

Stocks mentioned in the article

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