It is a franchisee for soft drinks maker PepsiCo. The IPO entails sale of up to 2.5 Cr shares, including fresh issue of 1.5 Cr shares and offloading of stake by promoters. Apart from fresh issue of 1.5 crore equity shares, there would be offer for sale of up to 5,000,000 shares each by Varun Jaipuria and Ravi Kant Jaipuria & Sons.

Varun Beverages files papers for IPO to raise over Rs 1,000 Cr

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