Varun Beverages announces record date for interim dividend

With a market cap of Rs. 60,171.03 crore, Varun Beverages Ltd. is a large capital company dealing with the FMCG sector of India. One of the largest PepsiCo franchisees outside the US and a major participant in the beverage industry is Varun Beverages Limited. The company manufactures and markets a wide variety of carbonated soft drinks (CSDs) and a wide range of non-carbonated drinks (NCBs), including packaged drinking water marketed under PepsiCo trademarks. As of now, VBL has been granted franchise rights for a number of PepsiCo products in 27 Indian States and 7 Union Territories. VBL has 31 production facilities in India and 6 abroad, of which 2 in Nepal and 1 in Zambia, Zimbabwe, Sri Lanka, Morocco and Zambia.

The company’s board of directors has said in a regulatory filing that “The payment of interim dividend of Rs. 2.50 (two rupees and fifty Paisa only) per share share for the fiscal year 2022 on the total number of issued, issued and paid-up 64,95,49,620 Shares with a par value of Rs 10/- each In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, established on Friday 12th August 2022 as the “RECORD DATE” at determine the eligibility of the Shareholders for the payment of an interim dividend The interim dividend will be paid on and from Tuesday 16 August 2022 to those shareholders whose names appear in the Company’s Register of Members or in the list of beneficial owners maintained by the Custodians on Friday, August 12, 2022.”

The stock closed today 926.95 each, up 5.01% from the previous close. Over the past 1 year, the stock is up 76.20% and on a YTD basis, the stock is up 58.04% so far in 2022. The stock is up 47.82 percent in the last six months and 17.8% in the last month. .92 percent. The stock price is up 6.42 percent in the past 5 days.

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