The QIP Committee of Varun Beverages Ltd at its meeting held today (commenced at 11:00 A.M. and concluded at 11:20 A.M.), approved the allotment of 1,47,05,882 Equity Shares of face value INR 10/- each to the eligible Qualified Institutional Buyers at issue price of INR 612/- per equity share i.e. at premium of INR 602/- per equity share aggregating to INR 899,99,99,784/-pursuant to the Issue.
The Issue opened on September 3, 2019 and closed on September 6, 2019 and the same was intimated to you through our letters dated September 3, 2019 and September 6, 2019 respectively.
Pursuant to the allotment of equity shares in the Issue, the paid-up Equity Share capital of the Company stands increased from INR 273,98,28,380/- consisting of 27,39,82,838 Equity Shares of face value of INR 10/- each to INR 288,68,87,200/- consisting of 28,86,88,720 Equity Shares of face value INR 10/- each.
Shares of Varun Beverages Ltd was last trading in BSE at Rs.632.05 as compared to the previous close of Rs. 629.35. The total number of shares traded during the day was 597 in over 60 trades.
The stock hit an intraday high of Rs. 634.55 and intraday low of 621.4. The net turnover during the day was Rs. 373553.