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Varun Beverages  to raise Rs 1500 crores through QIP
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Varun Beverages to raise Rs 1500 crores through QIP

Mumbai, Feb 26 : Varun Beverages Ltd said that its Board of Directors in their meeting held today approved the raising of Capital upto Rs 1,500 Crores through Qualified Institutions Placement (QIP) subject to receipt of approval of shareholders in the Annual General Meeting (AGM) of the Company.

The board approved proposal to convene 24th AGM of the Company on Wednesday, April 17, 2019 at PHD Chamber of Commerce and Industry, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016, company said in a filing with BSE.

The register of Members and Share Transfer Books of the Company shall be closed from Wednesday, April 10,2019 to Wednesday, April 17,2019 (both days inclusive) for the purpose of 24th AGM of the Company. (UNI)