Varun Beverages is planning to invest Rs 412 crore in its South African subsidiary Beverage Company Proprietary (Bevco). Bevco, an existing subsidiary of the company, is engaged in the business of manufacturing and distribution of licensed products from PepsiCo and also own-branded non-alcoholic beverages in South Africa. Besides, Bevco also has franchise rights from PepsiCo in South Africa, Lesotho and Eswatini.
Earlier, the company had acquired 39.93% of the issued and paid-up Equity Share Capital of Lunarmech Technologies (Lunarmech).
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
