Varun Beverages to Invest ₹4.10 Cr in Jager Renewables for Solar Power

Varun Beverages Limited (VBL) announced that its Investment and Borrowing Committee has approved an investment of up to ₹4.10 Crore in Jager Renewables Private Limited. This investment will acquire up to 26% of Jager Renewables' equity share capital. Jager Renewables is a special purpose vehicle established to generate and supply solar power in Uttar Pradesh. The primary objective for VBL is to secure solar power for its facilities in Gorakhpur, Prayagraj, and future sites in Uttar Pradesh, aiming to reduce power costs and utilize environmentally friendly energy. The transaction is expected to be completed by October 6, 2027. This strategic move aligns with VBL's sustainability goals and operational efficiency efforts.