Varun Beverages Limited — JV/Acquisition, 04-08-2025: Acquisition

Varun Beverages (VBL) has increased its stake in its South African subsidiary, The Beverage Company (Bevco), by converting an outstanding loan of ZAR 455.7 million (approx. INR 220 Cr) into equity. This move boosts VBL's ownership from 97.42% to 97.92%. The strategic conversion aims to enhance Bevco's financial stability, reduce leverage, and provide a stronger equity base to support future expansion in South Africa, Lesotho, and Eswatini. Bevco, a PepsiCo franchisee, reported a turnover of ZAR 4,090 million for the last fiscal year, making this a key step to fuel its continued growth.