Shares of Varun Beverages Ltd, the largest PepsiCo franchise bottler outside the United States, are in focus today after the firm announced the incorporation of a wholly owned subsidiary in Kenya—VBL Industries (Kenya) Limited—aimed at strengthening its African operations.

The new entity will primarily focus on manufacturing, distributing, and selling beverages in Kenya, marking another step in the company's ongoing international expansion. This follows its October announcement of an exclusive distribution agreement with Danish brewer Carlsberg Breweries for entry into the African beer market. Advertisement

Shares of Varun Beverages closed at ₹454.00, down by ₹3.40 or 0.74% on Wednesday from the previous close. Market cap of the firm stood at Rs 1.53 lakh crore.

In its most recent quar

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