Varun Beverages share price jumps over 17% to 52-week high on South Africa’s Bevco acquisition

Varun Beverages Soars: Varun Beverages witnessed a remarkable surge in its share price, soaring over 17% to reach a new 52-week high.

Acquisition of Bevco: The spike followed the company's announcement of acquiring South Africa's Bevco, considered a valuable opportunity for value creation by analysts.

Record High on BSE: Varun Beverages shares peaked at ₹1,380.45 apiece on the BSE, marking a substantial 17.78% increase.

Impressive Year-to-Date Performance: Varun Beverages' share price has rallied impressively, boasting a year-to-date increase of over 95%.

Market Cap Surpasses Tata Steel: The recent upmove elevated Varun Beverages' market capitalization to over ₹1.68 lakh crore, surpassing that of Tata Steel.

PepsiCo Franchise Expansion: Varun Beverages, a major PepsiCo franchise bottler, approved the acquisition of 100% stake in BevCo to expand its presence in Africa.