Investment11 Mar 2026, 02:51 pm
Varun Beverages to Acquire Additional 23% Equity Share Capital in Jager Renewables Two Private Limited for Rs. 7.05 Crore
AI Summary
The Investment and Borrowing Committee of the Board of Directors at Varun Beverages Ltd. approved the acquisition of additional 23% Equity Share Capital of Jager Renewables Two Private Limited. The company plans to obtain solar power for captive consumption for a consideration of Rs. 7.05 Crore. Upon consummation of the transaction, the company will hold 49% of Equity Share Capital of Jager Renewables Two Private Limited. The detailed disclosures for this transaction are enclosed as Annexure — I.
Key Highlights
- Varun Beverages to acquire additional 23% Equity Share Capital of Jager Renewables Two Private Limited
- Consideration for the acquisition is Rs. 7.05 Crore
- Jager Renewables Two Private Limited is a special purpose vehicle for generating and supplying solar power
- Acquisition is for captive consumption to obtain solar power for facilities located in Kota, Alwar, Jaipur, Jodhpur and Bhiwadi in the state of Rajasthan
- Upon completion of the transaction, Varun Beverages will hold 49% of Equity Share Capital of Jager Renewables Two Private Limited