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Varun Beverages stock rose 3.45% to a fresh 52 week high of Rs 222.45 against the previous close of Rs 219.40.
PepsiCo extended Varun Beverages' exclusive bottling contract by 10 years, now ending April 2049.
KEY POINTS
- PepsiCo lifted restrictions, now allowing Varun Beverages to engage in activities beyond special bottling operations.
- The revised exclusive bottling and trademark agreement for India takes effect from May 21, 2026.
- Previous contract limitations requiring Varun Beverages to act only as a PepsiCo SPV are removed.
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