India’s Varun Beverages sells Rs. 3 billion of redeemable debentures

By Susanna Moon

Chicago, Feb. 27 – Varun Beverages Ltd. notified the Bombay Stock Exchange that it raised Rs. 3 billion of secured redeemable debentures.

Varun issued 3,000 debentures with a par amount of Rs. 1 million each in a private placement, according to the notice.

The issue was approved at a board meeting held on Monday.

Varun is a Gurgaon, India-based franchisee bottler of carbonated soft drinks and non-carbonated beverages sold under trademarks owned by PepsiCo.

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