India's Varun beverages surges on S. Africa foray with $159 mln deal

Varun Beverages

20/12/2023 03:56

BENGALURU, Dec 20 (Reuters) - Shares in Pepsi Indian
bottler Varun Beverages  VARB.NS  soared as much as 17.8% in
early trade on Wednesday, a day after the company said it would
buy South Africa's The Beverage Company in a deal valued at 13.2
billion rupees ($158.73 million).

($1 = 83.1625 Indian rupees)

 (Reporting by Ashna Teresa Britto; Editing by Rashmi Aich)
 ((AshnaTeresa.Britto@thomsonreuters.com;))