Varun Beverages to Acquire Additional 23% Equity Share Capital in Jager Renewables Two Private Limited for Rs. 7.05 Crore

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 special purpose vehicle is engaged to generate and supply solar power to consumers in the state of Rajasthan for captive consumption. The total consideration for the acquisition is Rs. 7.05 Crore. Upon completion of the transaction, Varun Beverages Ltd. will hold 49% of the Equity Share Capital of Jager.