Varun Beverages Limited
Nippon India Mutual Fund increased its stake in Varun Beverages from 1.55% to 1.96%, purchasing 1,36,00,088 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.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.