Varun Beverages to consider bonus issue on June 17; stock up 1%

The company announced that a board meeting will be held to consider the issue of bonus shares.

Jun 12, 2019 07:06 IST India Infoline News Service

Varun Beverages
Shares of Varun Beverages rose 1% in the noon trade on Wednesday. The company announced that the board of directors of the company to consider the proposal for declaration of bonus issue of equity shares on June 17, 2019.

The company, if approved by the board, will be issuing bonus equity share for the first time.

The company reported an increase in net profit by 118% at Rs40.63cr in Q4FY19.

Varun Beverages Ltd is currently trading at Rs943.20, up by Rs6.5 or 0.69%, from its previous close of Rs936.70 on the BSE. The scrip opened at Rs942.85 and has touched a high and low of Rs947.35 and Rs937.10, respectively.

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