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Varun Beverages Ltd. ( (IN:VBL) ) has provided an announcement.
Varun Beverages has informed stock exchanges that its South African subsidiary, The Beverages Company Proprietary Limited, has presented to the board a proposal to acquire 100% of the share capital of Twizza Proprietary Limited. The proposed transaction, currently at the board presentation stage, signals Varun Beverages’ intention to expand its presence in the South African soft drinks market and could strengthen its regional portfolio and competitive position, although detailed financial terms and operational plans have not yet been disclosed.
More about Varun Beverages Ltd.
Varun Beverages Ltd. is a leading beverage company and a key franchisee bottler for PepsiCo, engaged in the production, bottling and distribution of carbonated soft drinks, non-carbonated beverages and packaged drinking water, with a growing international footprint including operations in South Africa.
Average Trading Volume: 411,218
Technical Sentiment Signal: Hold
Current Market Cap: 1588.2B INR
Find detailed analytics on VBL stock on TipRanks’ Stock Analysis page.