February 20, 2017 / 10:36 AM / 10 months ago

BRIEF-Varun Beverages Dec-qtr loss widens

Feb 20 (Reuters) - Varun Beverages Ltd:

* Dec quarter net loss 688.4 million rupees versus loss 537.8 million rupees year ago

* Dec quarter net sales 2.41 billion rupees versus 2.89 billion rupees year ago

* Approved issue of ncds up to 3 billion rupees on pvt placement basis

* Authorised directors to raise shareholding of Varun Beverages (Zambia) to up to 90 percent

* Says board approved to divest 41 percent equity stake of co in Varun Beverages Mozambique Limitada Source text: (bit.ly/2mdYWIf) Further company coverage:

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