Corporate News     16-Oct-23
Board of Varun Beverages approves acquisition of minority stakes in two entities
At meeting held on 16 October 2023
The Board of Varun Beverages at its meeting held on 16 October 2023 has approved the following:

(i) To acquire 5.03% of the issued and paid-up equity share capital of Lunarmech Technologies (i.e. subsidiary of the Company).

(ii) To invest 9.80% (5.25% on fully diluted basis) (in one or more tranches) of equity share capital of Isharays Energy Two, a special purpose vehicle inter-alia engaged to supply solar power to consumers in the state of Uttar Pradesh

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