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Varun Drinks pronounces file date for interim dividend

With a market cap of Rs. 60,171.03 crore, Varun Drinks Ltd. is a big cap firm engaged within the FMCG sector of India. One of many largest PepsiCo franchisees outdoors the USA and a serious participant within the beverage business is Varun Drinks Restricted. The corporate manufactures and sells all kinds of carbonated smooth drinks (CSDs) and a variety of non-carbonated drinks (NCBs), together with packaged ingesting water marketed beneath PepsiCo emblems. As of proper now, VBL has been given franchise rights for a lot of PepsiCo merchandise in 27 Indian States and seven Union Territories. VBL has 31 manufacturing amenities in India and 6 overseas, together with 2 in Nepal and 1 every in Zambia, Zimbabwe, Sri Lanka, Morocco, and Zambia.

The Board of the corporate has mentioned in a regulatory submitting that “The fee of interim dividend of Rs. 2.50 (Two Rupees and Fifty Paisa solely) per Fairness Share for the Monetary Yr 2022 on the whole issued, subscribed and paid-up 64,95,49,620 Fairness Shares of the nominal worth of Rs. 10/- every. Pursuant to Regulation 42 of the SEBI (Itemizing Obligations and Disclosure Necessities) Rules, 2015, mounted Friday, August 12, 2022 because the “RECORD DATE” for ascertaining the eligibility of the Fairness Shareholders for fee of interim dividend. The interim dividend might be paid on and from Tuesday, August 16, 2022 to these shareholders whose title seems within the Register of Members of the Firm or within the listing of useful homeowners maintained by the Depositories as on Friday, August, 12, 2022.”

The inventory closed as we speak at 926.95 apiece, up by 5.01% from the earlier shut. Within the final 1 yr, the inventory has gained 76.20% and on a YTD foundation, the inventory has gained 58.04% to this point in 2022. The inventory has gained 47.82 per cent over the previous six months and 17.92 per cent over the previous month. The inventory value has climbed by 6.42 per cent throughout the earlier 5 days.

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