Varun Beverages Limited
SBI Mutual Fund entered Varun Beverages by purchasing 6,14,66,075 shares, acquiring a 1.82% stake.
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.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.