Varun Beverages subsidiary Bevco to merge Twizza for synergies

Varun Beverages announced that its subsidiary, The Beverage Company Proprietary Limited (Bevco), has approved the merger of its step-down subsidiary, Twizza Proprietary Limited (Twizza). The merger aims to enable synergies of business operations and optimization of operational cost. The transaction is subject to compliance with applicable laws in South Africa.

The merger is classified as a related party transaction but will be conducted at arm's length. Since Twizza is a wholly-owned subsidiary of Bevco, there will be no cash consideration or issuance of new shares. The entire share capital of Twizza will stand cancelled upon the merger becoming effective. The shareholding pattern of Varun Beverages will remain unchanged as the merger involves two foreign subsidiaries.

Twizza is engaged in the manufacturing and distribution of own-branded non-alcoholic beverages in South Africa. Bevco manufactures and distributes licensed (PepsiCo Inc.) and own-branded non-alcoholic beverages in South Africa, Lesotho, and Eswatini. Bevco holds franchise rights from PepsiCo Inc. in these regions.

Financial Details

The disclosure provided the turnover figures for both entities for the financial year ended June 30, 2025.

Entity	Turnover (Financial Year ended June 30, 2025)
Twizza Proprietary Limited	ZAR 1,695 Million
The Beverage Company Proprietary Limited (Consolidated)	ZAR 4,818 Million

The information was received by the company on July 2, 2026. Ravi Batra, Chief Risk Officer & Group Company Secretary, signed the disclosure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.12%	-2.55%	-10.66%	-4.13%	-6.35%	+352.73%

Varun Beverages witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 339,369 shares transacted at a price of ₹506.60 per share. The total value of the block trade amounted to ₹17.19 crores, signalling significant institutional-level participation in the counter.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Parameter:	Details
Exchange:	NSE
Number of Shares:	~339,369
Trade Price:	₹506.60
Total Trade Value:	₹17.19 crores

Block trades are typically executed by institutional investors or large market participants and are carried out outside the regular order book to minimise market impact. The transaction in Varun Beverages shares reflects considerable activity at the institutional level on the NSE.