Varun Beverages has received approval to acquire 50% stake of Everest Industrial Lanka (EIL) for a consideration of $3.75 million (around Rs 32.08 crore). EIL, a company in Sri Lanka is engaged in the business of production, manufacturing, distribution and selling of commercial visi-coolers and related accessories. This acquisition will enable the company to source its visi-coolers requirements internally within the group.
The investment and borrowing committee of the board of directors of the company at its meeting held on May 19, 2025, considered and approved the same.
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
