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Varun Beverages to turn ex-date for stock split today

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Synopsis:

Varun Beverages Ltd turns ex-date for a stock split today, reducing its share face value from Rs 5 to Rs 2. The VBL share price rose 3.30% to Rs 1,569 before the split.

VBL market today

Varun Beverages Ltd (VBL) will undergo a stock split today, an event likely to draw significant attention from investors. The stock split will alter the face value of each share from Rs 5 to Rs 2. This corporate action, while modifying the share structure, will not impact the overall share capital or reserves of the company.

VARUN BEVERAGES LIMITED

Trade

645.65-0.59 (-0.09 %)

Updated - 13 December 2024
649.80day high
DAY HIGH
636.00day low
DAY LOW
3853671
VOLUME (BSE)

Key details of the stock split

On September 2, Varun Beverages announced September 12 as the record date to determine the entitlement of shareholders for the share split. The split ratio is set such that every two existing shares with a face value of Rs 5 will convert into five shares with a face value of Rs 2 each. This adjustment aims to enhance liquidity and make the shares more accessible to a broader range of investors.

VBL share price activity

In anticipation of this corporate action, the VBL share price has demonstrated a positive trend. Shares of Varun Beverages climbed 3.30% to settle at Rs 1,569 on the Bombay Stock Exchange (BSE) ahead of the ex-date. This uptick reflects investor optimism about the stock split and its potential effects on trading dynamics.

The company’s market presence and growth

Varun Beverages, the second-largest franchisee of PepsiCo globally, commands a significant share of PepsiCo’s beverage sales in India, contributing to 90% of its volume. The company operates in 27 states and seven union territories across India and serves as the exclusive bottler for PepsiCo in several other countries, including Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe.

Strategic developments

In recent strategic moves, Varun Beverages has expanded its footprint through acquisitions and new projects. Notably, the company has entered a new agreement to manufacture and package Cheetos in Morocco, set to commence by May 2025. Additionally, Varun Beverages is advancing its expansion into the Democratic Republic of Congo (DRC), with a new Greenfield plant expected to begin commercial production next quarter. An investment of Rs 400 crore in this DRC unit aims to bolster capacity and support the company’s growth strategy in Africa.

As Varun Beverages transitions through its stock split, the focus remains on the company’s ongoing expansion and strategic investments. The adjustment in share value and the company's growth prospects will likely continue to influence the VBL share price in the coming days.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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