The Board of Directors of Varun Beverages Limited (VBL) has approved raising funds up to ₹7,500 crore through the issuance of equity shares via Qualified Institutions Placement (QIP). The approval, given at the Board’s meeting today, is subject to shareholder approval through a postal ballot and necessary regulatory clearances.
The funds raised through this QIP will strengthen the company’s financial position and support future growth initiatives. The proposal reflects Varun Beverages’ strategic move to enhance capital for expansion and operational improvements.
The company will seek shareholder approval via postal ballot and proceed with the regulatory requirements for the QIP issuance.
Disclaimer: This information is based on disclosures made under SEBI regulations.