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Varun Beverages Limited has reported on the utilization of proceeds from its recent Qualified Institutional Placement (QIP), which raised Rs. 7,500 crore. The monitoring agency, CARE Ratings, confirmed that there were no deviations from the stated objectives of the fund usage. As of the end of December 2024, Rs. 5,047.55 crore has been used for repaying borrowings, while Rs. 385.85 crore was directed towards general corporate purposes, including an investment in Lunarmech Technologies Private Limited. This disciplined fund management may foster investor confidence, reinforcing a positive outlook as the company continues to leverage its financial resources strategically.