Varun Beverages achieves 52-week high

Varun Beverages (VBL), a prominent FMCG player, is venturing into the South African market by acquiring The Beverage Company (Bevco). The acquisition, valued at Rs 1,320 crore, resulted in VBL securing a 100 per cent stake in Bevco. As a result, the company's shares have soared, breaching the 52-week high and marking a 16 per cent increase in the last week. What does The Beverage Company do? Much like Varun Beverages, Bevco has a partnership with Pepsico for bottling and distributing the brand's products. Se