Announced Sat, 1 Aug · 13:03 IST
VBL completes USD 32 million Kenya dairy beverage acquisition
VBL · price
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₹440.00
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₹444.00
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AI summary
Varun Beverages' wholly-owned subsidiary VBL Industries (Kenya) Limited has completed the acquisition of Devyani Food Industries (Kenya) Limited's value-added dairy beverages, juices and packaged drinking water business for USD 32 million. The deal is effective August 1, 2026. This expands VBL's African footprint and adds new product categories beyond its core carbonated drinks portfolio.
Likely market impact
Strengthens VBL's African presence in dairy beverages and juices, diversifying beyond core fizzy drinks and supporting long-term growth in Kenya.