Varun Beverages: Twizza merger completed, ceases to be step-down subsidiary

Varun Beverages Ltd has announced the completion of the merger of its step-down subsidiary, Twizza Proprietary Limited, with its subsidiary, The Beverage Company Proprietary Limited (Bevco). This merger, previously approved by the boards of both entities, was subject to applicable laws in South Africa. Following the completion, Twizza is no longer a step-down subsidiary of Varun Beverages. The company had previously disclosed the initial approval for this merger on July 2, 2026.