Varun Beverages Limited
Government Pension Fund Global raised its stake in Varun Beverages from 1.83% to 1.86%, purchasing 13,21,576 shares.
A leading beverage manufacturer and distributor in India, Varun Beverages operates as one of the world's largest franchisees of PepsiCo, a partnership spanning several decades. The company produces and distributes a comprehensive range of carbonated soft drinks, non-carbonated beverages, and packaged water under premium PepsiCo brand names including Pepsi, Mountain Dew, Mirinda, Seven-up, and Tropicana. It serves consumers across multiple regions through an extensive distribution network.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.