Varun Beverages has received approval to acquire additional 23% Equity Share Capital of Jager Renewables Two (a special purpose vehicle engaged to generate & supply solar power to consumers in the state of Rajasthan) to obtain solar power for captive consumption, for a consideration of Rs 7.05 crore. Upon consummation of the above-mentioned transaction, the company shall hold 49% of Equity Share Capital of Jager Renewables Two.
The company intends to obtain solar power (generation and supply) from Jager for its facilities located in Kota, Alwar, Jaipur, Jodhpur and Bhiwadi in the state of Rajasthan. Solar power is environment friendly and will also reduce the power cost at the said facilities. Accordingly, as per the Electricity Act and agreed under the Share Purchase, Subscription and Shareholders’ Agreement, the company being captive user is making additional investment in Jager. The Investment and Borrowing Committee of the Board of Directors of the company at its meeting held on March 11, 2026 has considered and approved the same.
Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.
| Company Name | CMP |
|---|---|
| Varun Beverages | 509.10 |
| Nestle | 1486.40 |
| Britannia Inds | 5782.10 |
| LT Foods | 428.45 |
| Hatsun Agro Product | 987.00 |
| View more.. | |
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