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ICICI Direct Report
Varun Beverages Ltd. is one of the largest franchisees of PepsiCo in the world. The company produces and distributes carbonated drinks, juices and packaged drinking water in six countries including India.
Some of the PepsiCo brands produced by Varun Beverages includes Pepsi, Diet Pepsi, Seven-Up, Mirinda, Mountain Dew, Nimbooz, String, Slice, Tropicana, Aquafina among others.
The company made an announcement of bonus share on April 28, 2022. The ratio was one bonus share for every two equity shares, 1:2. The record date for the same is June 7, 2022 while the ex-date for the same was June 6, 2022 (yesterday).
Consequently, Varun Beverages' share price has been adjusted to Rs 733 /share.
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