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

Varun Beverages plans to raise Rs 7,500 crore through a Qualified Institutional Placement to fund expansion, including investments in subsidiaries and strategic acquisitions. The funds will also aid debt repayment and corporate purposes. VBL's revenue in 2023 saw a 21.8% increase, totaling Rs 16,042.58 crore.

Oct 9, 2024 - 15:30

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

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Varun Beverages plans to raise Rs 7,500 crore through a Qualified Institutional Placement to fund expansion, including investments in subsidiaries and strategic acquisitions. The funds will also aid debt repayment and corporate purposes. VBL's revenue in 2023 saw a 21.8% increase, totaling Rs 16,042.58 crore.