Varun Beverages Limited — Major Shareholding Notification 2021

Feb 26, 2021

Corporate Off : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-m ail: info@rjcorp.in • Visit us a t : www.varunpepsi.com CIN No. : L74899DL1995PLC069839

February 26, 2021

To,

BSE Limited	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers,	Exchange Plaza, Block G,C/1, Bandra Kurla
Dalai Street, Mumbai - 400 001	Complex, Bandra (E), Mumbai - 400 051
Email: corp.relations(5>bseindia.com	Email: cm listO nse.co.in
Security Code No. 540180	Symbol: VBL

Sub: Disclosure of Inter-se Transfer of Shares between Promoters in accordance with Regulation 10f61 ofSEBI (Substantial Acquisition of Shares and Takeovers! Regulations. 2011 fSEBI fSASTl Regulations. 2011]

Dear Sir / Madam,

Further to our letter dated February 19, 2021 and pursuant to Regulation 10(6) of SEBI (SAST) Regulations, 2011, we would like to inform you that today, Mr. Ravi Kant Jaipuria ("Acquirer"), Promoter of Varun Beverages Limited ("Company"), has acquired 5,38,81,805 (Five Crores Thirty Eight Lacs Eighty One Thousand Eight Hundred Five) Equity Shares of the Company by way of interse transfer from Ravi Kant Jaipuria and Sons (HUF), Promoter of the Company, due to proposed dissolution of Ravi Kant Jaipuria and Sons (HUF) in which Mr. Ravi Kant Jaipuria is Karta.

This being an 'inter se' transfer of shares between Promoters, the same falls within the exemptions (under Regulation 10(l)(a)(ii) provided under SEBI (SAST) Regulations, 2011). Shares are transferred without any consideration due to proposed dissolution of Ravi Kant Jaipuria and Sons (HUF).

The aggregate holding of Promoter and Promoter Group before and after the above inter se transfer remains the same as follows:

Shareholding details		Before the proposedtransaction		After the proposedtransaction
		No. of shares/votingrights	% w.r.t totalsharecapital of TC	No. of shares/votingrights	% w.r.t totalshare capitalof TC
a	Mr. Ravi Kant Jaipuria (Promoter -Acquirer) and	Nil	Nil	5,38,81,805	18.66%
	PACs [other than Ravi KantJaipuria and Sons (HUF)]	13,78,09,236	47.74%	13,78,09,236	47.74%
b	Ravi Kant Jaipuria and Sons (HUF)(Promoter/ Transferor)	5,38,81,805	18.66%	Nil	Nil
	Total	19,16,91,041	66.40%	19,16,91,041	66.40%

co p VARUfl BEVERAGES LIITUCED

Corporate Off : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-m ail: info@rjcorp.in • Visit us a t : www.varunpepsi.com CIN No. : L74899DL1995PLC069839

In this regard, necessary disclosure under Regulation 10(6) for the above said acquisition in the prescribed format, as submitted by the Acquirer is enclosed herewith for your kind information and records.

Thanking You

For Varun Beverages Limited

Ravji Batra Chief Risk Officer & Group Company Secretary

Enel.: As above

Format for Disclosures under Regulation 10f6~l -Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers! Regulations, 2011

1		Name of the Target Company (TC)	Varun Beverages Limited
2		Name of the acquirer(s)	Ravi Kant Jaipuria
3		Name of the stock exchange where	National Stock Exchange of India Limited (NSE)
		shares of the TC are listed	and BSE Limited (BSE)
4		Detailsof thetransactionincluding	Off-marketinter-setransferbetweenthe
		rationale,ifany,forthetransfer/	Promoters without consideration. Transfer of
		acquisition of shares.	shares is due to proposed dissolution of Ravi Kant
			Jaipuria and Sons (HUF) in which 1 am Karta.
5		Relevant regulation under which the	Proposed transfer of shares fromRaviKant
		acquirer is exempted from making open	Jaipuria and Sons (HUF) is exempt under Reg.10(1)(a)(ii) of SEBI (SAST) Regulations, 2011 i.e.
	offer.		persons named as promoters in the shareholding
			pattern filed by the target company in terms of the
			SEBI (SAST) Regulations, 2011.
6		Whetherdisclosureofproposed	Yes. Disclosure was required to be made under
		acquisition was required to be made	Regulation 10(5).
		under regulation 10 (5) and if so,
	-	whether disclosure was made and	The advance disclosure was made within the
		whether it was made within the	stipulated timeline, i.e. at least 4 (Four) working
		timelinespecifiedunderthe	days prior to the proposed inter-se transfer.
		regulations.	The advance disclosure as mentioned above was
	-	dateoffilingwiththestock	filed with NSE and BSE on February 19, 2021.
		exchange.
7		Details of acquisition	Disclosures required to	Whether the
			be made under	disclosures under
			regulation 10(5)	regulation 10(5)
				are actually made
	a.	Name of the transferor / seller	Ravi Kant Jaipuria and	Yes
	b.	Date of acquisition	Sons (HUF)February 26, 2021	Yes
	c.	Number of shares/ voting rights in	5,38,81,805	Yes
		respect of the acquisitions from
		eachpersonmentionedin7(a)
		above
	d.	Total shares proposed to be	18.66%	Yes
		acquired / actually acquired as a %
		of diluted share capital of TC
	e.	Price at which shares are proposed	NotApplicable	NotApplicable
		to be acquired / actually acquired	Transfer of shares is	Transfer of shares is
			duetoproposed	duetoproposed
			dissolutionofRavidissolutionofRavi
			Kant Jaipuria and Sons	KantJaipuriaand
			(HUF) in which I amSons (HUF) in which
			Karta.	1 am Karta.

8		Shareholding detailsPre-Transaction			Post-Transaction
			No. of	% w.r.t	No. of	% w.r.t
			shares held	total	shares held	total
				share		share
				capital of		capital
				TC		of TC
	a	Each Acquirer / Transferee
		Ravi Kant Jaipuria	Nil	Nil	5,38,81,805	18.66%
	b	Each Seller / Transferor
		Ravi Kant Jaipuria and Sons (HUF)	5,38,81,805	18.66%	Nil	Nil

Date: H 'bZ'lb'X} Place: <$0%