Intimation for execution of agreement by The Beverage Company Proprietary Limited, subsidiary of the Company as per details attached.
VBL · price
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Varun Beverages' South African subsidiary, The Beverage Company Proprietary Limited (Bevco), has signed an agreement to acquire 100% equity stake in Crickley Dairy Proprietary Limited, also based in South Africa. The deal is valued at an Enterprise Value of ZAR 238 million, equivalent to approximately INR 1,314.68 million (around ₹131.47 crore) at 1 ZAR = 5.52 INR. The acquisition is part of VBL's strategy to diversify its product portfolio into value-added dairy and juice-based drinks. The transaction is subject to regulatory approvals, including from the Competition Commission of South Africa. Crickley Dairy is currently owned by Clark Holdings Proprietary Limited, and the deal is not a related-party transaction.
This acquisition expands VBL's footprint into the South African dairy and value-added beverages space, opening a new product category beyond its core PepsiCo franchise. The deal size is modest relative to VBL's scale, so near-term financial impact is likely limited, but it signals strategic diversification that could support long-term growth.