Varun Beverages Limited — QIP/Rights/Pref., 19-11-2024: Qualified Institutional Placement

Varun Beverages Limited has announced a Qualified Institutions Placement (QIP) to raise funds through the issuance of 132,743,362 Equity Shares at an issue price of ₹565.00 per share, which includes a premium of ₹563.00. This price represents a 4.97% discount to the floor price of ₹594.56 set by SEBI regulations. The placement document and allocation details have been confirmed for eligible qualified institutional buyers. This move aims to bolster the company’s financial position and support growth initiatives.