Varun Beverages’ shares rose 5% after the company launched a qualified institutional placement (QIP) to raise Rs 7,500 crore. The floor price for the issue is set at Rs 594.56 per share, representing a 1.5% discount. This move comes as the company reported a 22.3% rise in net profit for the third quarter, reaching Rs 628.83 crore.
Asian equities climb after soft US inflation print
Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s
March 13, 2025