ilmscore | Prediction Details
"Whatever money was received through this QIP was used for repayment of debt and some of them was used for acquisitions."
By CA Rachana Phadke Ranade | April 2, 2025 | Correct
From video
Varun Beverages: A Hot Stock to Watch | CA Rachana Ranade 00:15:36 - 00:15:44
Interpreted Prediction
Funds raised through a Qualified Institutional Placement (QIP) in November 2024 were used for debt repayment and acquisitions, contributing to the company becoming nearly debt-free.
AI Evaluation Notes
Varun Beverages used funds from a QIP in November 2024 for debt repayment and acquisitions. As of 2026-01-10, news reports indicate that VBL has significantly reduced its debt, becoming nearly debt-free and has made acquisitions.

Prediction Details

Ticker
VBL

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