India: Varun Beverages debuts at 3.4% discount after listing

India: Varun Beverages debuts at 3.4% discount after listing

Photo: Bloomberg

Shares of Varun Beverages Ltd, the world’s second largest PepsiCo Inc. bottler, on Tuesday debuted at a 3.4% discount on the first day of its listing. Its initial public offer (IPO) was subscribed 1.84 times.

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