Varun Beverages announces record date for 2:5 stock split; shares rise 2%

Varun Beverages Stock Split: Varun Beverages announced that September 12 will be the record date for its 2:5 stock split. Following the announcement, the company's shares rose 2% to a day’s high of Rs 1,533.50. The stock split will adjust the authorized share capital from Rs 1,000 crore divided into 2,000 crore shares of Rs 5 each to 500 crore shares of Rs 2 each.