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business/news//Business Standard
Varun Beverages stock rose 3% in Friday's trade.
Varun Beverages extended its exclusive PepsiCo bottling license in India until April 30, 2049.
KEY POINTS
The revised agreement removes the restriction limiting Varun Beverages to only PepsiCo-related activities.
Varun Beverages can now diversify its business beyond PepsiCo’s bottling operations under the new agreement.
Net realization per case rose 1.6% consolidated, despite a 1.5% drop in India's net realization.