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The latest update is out from Varun Beverages Ltd. ( (IN:VBL) ).
Varun Beverages Ltd.’s Share Allotment Committee has approved the allotment of 105,625 equity shares of face value Rs 2 each to eligible employees upon exercise of vested stock options under the company’s Employees Stock Option Scheme 2016. Following this allotment, the company’s paid-up equity share capital has marginally increased from 338,19,88,769 to 338,20,94,394 shares, reflecting ongoing use of stock-based compensation to incentivise employees while slightly expanding the overall equity base.
More about Varun Beverages Ltd.
Varun Beverages Ltd. is a leading beverage company in India, primarily engaged in bottling and distributing carbonated soft drinks, non-carbonated beverages, and packaged drinking water, largely as a key franchisee partner of global cola brands, with its shares listed on the National Stock Exchange of India and BSE Limited.
Average Trading Volume: 301,327
Technical Sentiment Signal: Hold
Current Market Cap: 1592.4B INR
For detailed information about VBL stock, go to TipRanks’ Stock Analysis page.