Varun Beverages’ arm acquires 100% stake in Twizza Proprietary
Twizza Proprietary has become step down subsidiary of the company with effect from March 18, 2026
Varun Beverages’ subsidiary -- The Beverage Company Proprietary has acquired 100% Share Capital of Twizza Proprietary (a company incorporated under the laws of South Africa) at an Enterprise value (post due diligence adjustments) of ZAR 2,053 million (South African Rand) (Rs 11,398 Million; 1 ZAR = Rs 5.55). Accordingly, Twizza Proprietary has become step down subsidiary of the company with effect from March 18, 2026.
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
