Joint Venture29 Jul 2025, 12:41 pm
Varun Beverages Ltd Approves Joint Venture for Manufacturing Refrigeration Equipments and Declares Interim Dividend
AI Summary
Varun Beverages Ltd announced the incorporation of a Joint Venture company in India for manufacturing visi-coolers and other refrigeration equipments. The company will hold 50% of the paid-up share capital, while Everest International Holdings Limited will hold the remaining 50%. Additionally, the company declared an interim dividend of 20.50 (Fifty Paisa only) per Equity Share for the Financial Year 2025.
Key Highlights
- Varun Beverages Ltd and Everest International Holdings Limited to incorporate a joint venture company in India for manufacturing refrigeration equipments.
- The joint venture company will carry on the business of manufacturing visi-coolers and other refrigeration equipments.
- Varun Beverages Ltd will hold 50% of the paid-up share capital, and Everest International Holdings Limited will hold the remaining 50%.
- The company declared an interim dividend of 20.50 (Fifty Paisa only) per Equity Share for the Financial Year 2025.
- Pankaj Madan appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company.