Investment3 Sept 2025, 04:07 pm
Varun Beverages to Invest Upto 26% in Jager Renewables Two for Solar Power
AI Summary
Varun Beverages Ltd. has approved an investment of up to 26% in Jager Renewables Two Private Limited to obtain solar power for captive consumption. This investment is aimed at generating and supplying solar power to facilities in Rajasthan, reducing power costs and promoting environment-friendly practices. The transaction is expected to be completed by June 2, 2026.
Key Highlights
- Varun Beverages to invest in Jager Renewables Two for solar power
- Investment aimed at captive consumption for facilities in Rajasthan
- Solar power to reduce power costs and promote environment-friendly practices
- Transaction expected to be completed by June 2, 2026
- Jager Renewables Two is a special purpose vehicle under the group captive model envisaged under the Electricity Act, 2003