Varun Beverages announces Rs 412 cr investment in South African subsidiary

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Varun Beverages announces Rs 412 cr investment in South African subsidiary - Business Standard

Quick Summary:

The Beverage Company Proprietary Limited, South Africa," VBL said in a regulatory filing.Bevco allotted 19.84 lakh ordinary shares to VBL and this fresh investment will result in an incremental share capital of 2.42 per cent, according to a disclosure by the company.

Varun Beverages Ltd (VBL), the leading bottler of PepsiCo, on Thursday announced to invest Rs 412 crore in its South African subsidiary Beverage Company Proprietary (Bevco).

Bevco, an existing subsidiary of our VBL, is engaged in the business of manufacturing and distribution of licensed products from PepsiCo and also own-branded non-alcoholic beverages in South Africa.