VBL shares rise 1.9% after subsidiary merger announcement
pre-market1 source ↓written by the desknot a recommendation
- Limited increased
- 1.9%
- traded worth ₹106.70
- 20.64 lakh shares
Shares of Varun Beverages Limited increased by 1.9%, gaining ₹9.80 to ₹520.45 as of 12.37 PM, with 20.64 lakh shares traded worth ₹106.70 crore on the NSE. The rise follows the announcement of a merger between its South African subsidiaries, Twizza and Bevco, aimed at enhancing business synergies. The merger will not involve cash or share exchanges, as Twizza is wholly owned by Bevco.
Not investment advice. For informational purposes only.