With a market cap of Rs. 60,171.03 crore, Varun Beverages Limited is a large cap company engaged in the FMCG sector of India. Varun Beverages Ltd. is one of the largest PepsiCo franchises outside the United States and a major partner in the beverage industry. The company manufactures and sells a wide range of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including packaged drinking water, marketed under the PepsiCo trademark. At present, VBL has been granted franchise rights for a number of PepsiCo products in 27 Indian states and 7 union territories. VBL has 31 manufacturing facilities in India and 6 overseas, including 2 in Nepal and 1 each in Zambia, Zimbabwe, Sri Lanka, Morocco and Zambia.
The board of the company in a regulatory filing said that “Payment of interim dividend of Rs. 2.50 per equity share for the financial year 2022 (Rupees two and fifty paise only) totaling 64,95,49,620 equity shares of a nominal value of Rs. Issued, subscribed and paid 10/- each. As per Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, for ascertaining the eligibility of Equity Shareholders for payment of Interim Dividend, on Friday, 12th August, 2022 has been set as the “Record Date”. Interim Dividend shall be paid with effect from Tuesday, August 16, 2022, to the shareholders whose names appear in the Register of Members of the Company or maintained by the Depository on Friday, August 12, 2022. List of beneficial owners.
stock closed today 926.95 each, up 5.01% from the previous close. In the last 1 year, the stock has increased by 76.20% and on the basis of YTD, the stock has increased by 58.04% so far in 2022. The stock has gained 47.82 per cent in the last six months and 17.92 per cent in the past month. The share price has climbed 6.42 per cent during the last 5 days.
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