Varun Beverages Ltd.

Shareholders holding 1% or more · latest filing Sep 2026

Ownership split · Sep 2026

Share of total equity by holder type, with change since Jun 2026.

Promoters 59.43% 0
FII / FPI 17.53% 1.5 pp
DII 16.33% 1.12 pp
Retail & others 6.71% 0.38 pp
Non-public / other 0% 0
Holder typeDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters60.2%60.23%59.82%59.44%59.44%59.44%59.43%59.43%
FII / FPI25.26%22.98%21.85%21.93%20.31%19.51%19.03%17.53%
DII7.01%9.2%10.52%11.78%13.55%14.4%15.21%16.33%
Retail & others7.52%7.59%7.8%6.84%6.7%6.66%6.33%6.71%
Non-public / other0%0%0%0%0%0%0%0%

Major shareholders

80 current holders with 1% or more in the Sep 2026 filing. Click a name to see everything they hold.

Holder Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 Change (QoQ)
RJ Corp Limited Promoter 25.69%86.89 25.69%86.89 25.28%85.50 25.28%85.50 25.28%85.50 25.28%85.50 25.28%85.50 25.28%85.50 0
Ravi Kant Jaipuria Promoter 16.7%56.47 16.71%56.51 16.71%56.51 16.71%56.51 16.71%56.51 16.71%56.51 16.71%56.51 16.71%56.51 0
Varun Jaipuria Promoter 15.4%52.09 15.43%52.19 15.43%52.19 15.43%52.19 15.43%52.19 15.43%52.19 15.43%52.19 15.43%52.19 0
LICI NEW ENDOWMENT PLUS-GROWTH FUND Institution New – – – – – – – 2.31%7.82 –
NIPPON LIFE INDIA TRUSTEE LTD.-A/C NIPPON INDIA BS Institution New – – – – 1.53%5.18 – – 1.96%6.62 –
Devyani Jaipuria Promoter 2.33%7.88 2.33%7.88 2.33%7.88 1.95%6.58 1.95%6.58 1.94%6.58 1.94%6.58 1.94%6.58 0
GOVERNMENT PENSION FUND GLOBAL Institution 2.11%7.14 2.16%7.31 1.93%6.51 1.93%6.52 1.89%6.40 1.84%6.23 1.83%6.18 1.86%6.31 0.03 pp
SBI AGGRESSIVE HYBRID FUND Institution New – – – – – – – 1.82%6.15 –
NPS TRUST A/C - SBI PF NPS JEEVAN SWARNA RETIREMENT Institution New – – – – – – – 1.27%4.28 –
Vivek Gupta Promoter 0.07%0.23 0.07%0.23 0.07%0.23 0.07%0.23 0.07%0.23 0.07%0.23 0.07%0.23 0.07%0.23 0
Dhara Jaipuria Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Vivek Gupta (HUF) Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Madhav Hansraj Mariwala (HUF) Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0 0%0 0%0 0
Madhav H Mariwala Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Nandini Madhav Mariwala Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Bela Jyotikumar Saha Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Madhu Rajendra Jindal Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
SFT Technologies Private Limited Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Lotus Holdings Promoter 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Investor Education and Protection Fund (IEPF) Public 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0 0%0.00 0%0.00 0
Aishwarya M Mariwala Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Kimaya Jaipuria Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Marison Finvest Private Limited Promoter – – 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0%0.00 0
Devyani Jaipuria Sports Academy Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Cryoviva Life Sciences Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
SFT Syscon Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sara Ferrous Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Gee Kay Builder And Development Services Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Chanda Exports Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Manog Securities Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Lineage Healthcare Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Jacore Energy Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
KV Retail Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Empire Stocks Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Capital Infracon Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
CV Biotech Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
S V S India Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Modern Montessori International (India) Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Cryoviva Biotech Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani International Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani Food Industries Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani PVR INOX Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sky Gate Hospitality Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Sylvan Realty Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Say Chefs Eatery Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Blackvelvet Hospitality Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Peanutbutter And Jelly Private Limited Promoter – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Accor Developers Private Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Accor Industries Private Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Africare Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
RV Enterprizes Pte. Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Arctic Overseas Pte Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Cryoviva International Pte. Ltd Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Cryoviva Singapore Pte. Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani Food Industries (Kenya) Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani International (Nepal) Private Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani International DMCC Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
RDJ Global DMCC Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Reviva Cell (Thailand) Company Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
RJ Corp International (UK) Private Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Varun Developers Private Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Varun Food & Beverages (Zambia) Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Arctic International Private Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Africare Distributors Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Cryoviva Malaysia SDN. BHD. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Reviva Cell Technologies Pte. Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Devyani International (Nigeria) Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
White Snow Company Limited Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Blackbriar Co. Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Yellow Palm Co. Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Restaurants Development Co. Ltd. Other – – 0%0 0%0 0%0 0%0 0%0 0%0 0
Accor Realcon Private Limited Promoter – – – – 0%0 0%0 0%0 0%0 0
Fuel Buddy Zambia Limited Other – – – – 0%0 0%0 0%0 0%0 0
RJ International Holdco FZCO Other – – – – 0%0 0%0 0%0 0%0 0
Fuelbuddy Future Energy Private Limited Promoter – – – – – 0%0 0%0 0%0 0
Voltsun Labs Private Limited Promoter – – – – – 0%0 0%0 0%0 0
Aurelia Global Hospitality SPV FZCO Other – – – – – – 0%0 0%0 0
Lilac Global Hospitality SPV FZCO Other – – – – – – 0%0 0%0 0
Spring Hospitality SPV FZCO Other – – – – – – 0%0 0%0 0
Fuelbuddy Zimbabwe (Private) Limited Other – – – – – – 0%0 0%0 0
Devyani RK Private Limited Promoter Exited / below 1% – – 0%0 0%0 0%0 0%0 0%0 – –
LICI NEW PENSION PLUS GROWTH FUND Institution Exited / below 1% – – – 1.32%4.47 – – 2.31%7.82 – –
SBI ARBITRAGE OPPORTUNITIES FUND Institution Exited / below 1% – – – – – 1.12%3.79 1.4%4.73 – –
NIPPON LIFE INDIA TRUSTEE LTD.-A/C NIPPON INDIA AC Institution Exited / below 1% – – – – – – 1.55%5.26 – –
NPS TRUST - A/C SBI PENSION FUND SCHEME - NPS TIER Institution Exited / below 1% – – – – – – 1.16%3.91 – –
GOVERNMENT OF SINGAPORE Institution Exited / below 1% 1.38%4.66 1.42%4.81 1.44%4.86 1.84%6.22 1.52%5.14 1.37%4.63 – – –
LICI INDEX PLUS FLEXI GROWTH FUND Institution Exited / below 1% – – – – 1.76%5.97 2.16%7.31 – – –
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ARB Institution Exited / below 1% – – – – – 1.75%5.92 – – –
NPS TRUST A/C - SBI PENSION FUND - UPS - CG SCHEM Institution Exited / below 1% – – – – – 1.13%3.82 – – –
SBI EQUITY HYBRID FUND SBI ARBITRAGE OPPORTUNITIES FUND Institution Exited / below 1% – – – – 1.09%3.68 – – – –
NPS TRUST A/C - SBI PENSION FUND - UPS - CG SCHEME Institution Exited / below 1% – – – – 1.04%3.51 – – – –
Accorbev (Telangana) Private Limited Promoter Exited / below 1% – – 0%0 0%0 – – – – –
Wellness Holdings Limited Other Exited / below 1% – – 0%0 0%0 – – – – –
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF Institution Exited / below 1% – – – 1.31%4.43 – – – – –
Marison Finvest Pvt Ltd Promoter Exited / below 1% 0%0.00 0%0.00 – – – – – – –
NEW WORLD FUND INC Institution Exited / below 1% 1.28%4.33 1.14%3.85 – – – – – – –

Companies only disclose holders with 1% or more, so “Exited / below 1%” can also mean the stake fell under 1%. “pp” = percentage points.

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