VBL: Crickley Dairy acquisition goes to arbitration

Varun Beverages Ltd (VBL) announced that the acquisition of 100% equity stake in Crickley Dairy Proprietary Limited by its subsidiary, The Beverage Company Proprietary Limited (Bevco), has been referred to The Arbitration Foundation of Southern Africa (AFSA). The original agreement, dated March 17, 2026, for ZAR 238 million (₹1,314.68 million), failed due to non-fulfillment of a condition precedent by the long stop date of September 30, 2026. The agreement has been terminated. The opposing parties in the arbitration are Crickley Dairy Proprietary Limited and Clark Holdings Proprietary Limited (the Seller). VBL stated that the financial exposure is limited to the aforementioned acquisition cost.