Varun Beverages Limited has acquired 29.99% of Equity Share Capital of FPEL HR2 Energy Private Limited.
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Varun Beverages Limited has completed the acquisition of 29.99% of equity share capital in FPEL HR2 Energy Private Limited for Rs. 1.58 Crore. FPEL HR2 Energy is a special purpose vehicle engaged in generating and supplying solar power to consumers in Haryana. The acquisition is intended for captive consumption of solar power by VBL. This disclosure is an update to an earlier intimation dated February 3, 2026. The stake of 29.99% is just below the 30% threshold, which may have regulatory significance.
This acquisition strengthens VBL's renewable energy sourcing capabilities for its manufacturing operations, potentially reducing long-term energy costs. The 29.99% stake (just under 30%) avoids triggering certain regulatory thresholds while giving the company a significant stake in its solar power supplier.