Varun Beverages shares in focus after co launches QIP

Varun Beverages, PepsiCo's top bottler, has initiated a qualified institutional placement (QIP) to raise Rs 7,500 crore for expansion. The floor price is set at Rs 594.56 per share. The company's stock is also newly listed on the F&O segment. This comes after a strong Q3 with a 22.3% YoY surge in net profit, reaching Rs 628.83 crore.