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Varun Beverages acquires 39.93% stake of Lunarmech

17 Dec 2024 Evaluate

Varun Beverages has acquired 39.93% of the issued and paid-up Equity Share Capital of Lunarmech Technologies (Lunarmech) and accordingly, it has become wholly-owned subsidiary of the Company with effect from December 16, 2024.

Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.


Peers
Company Name CMP
Nestle India 1391.65
Varun Beverages 412.85
Britannia Industries 5009.95
LT Foods 418.10
Hatsun Agro Product 1230.50
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