Varun Beverages Completes 26% Stake Acquisition in Jager Renewables for Rs 26,000
Varun Beverages Limited has acquired a 26% equity stake in Jager Renewables Two Private Limited for Rs 26,000. The acquisition aims to secure solar power for VBL's captive consumption. Jager Renewables Two is an SPV engaged in generating and supplying solar power in Rajasthan. This move aligns with Varun Beverages' strategy to incorporate renewable energy sources into its operations, potentially reducing its carbon footprint and long-term energy costs.

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Varun Beverages Limited (VBL), a key player in the beverage industry, has finalized its acquisition of a 26% equity stake in Jager Renewables Two Private Limited for Rs 26,000. This strategic move, aimed at securing solar power for VBL's captive consumption, marks a significant step towards sustainable energy practices for the company.
Acquisition Details
Item | Detail |
---|---|
Investment Amount | Rs 26,000.00 |
Stake Acquired | 26% |
Target Company | Jager Renewables Two Private Limited |
Purpose | To obtain solar power for captive consumption |
About Jager Renewables Two Private Limited
Jager Renewables Two Private Limited is a special purpose vehicle (SPV) primarily engaged in generating and supplying solar power to consumers in the state of Rajasthan. This acquisition aligns with Varun Beverages' strategy to incorporate renewable energy sources into its operations.
Regulatory Compliance
Varun Beverages has duly informed the National Stock Exchange of India Ltd. and BSE Limited about this acquisition, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Chief Risk Officer & Group Company Secretary, Ravi Batra, confirmed the completion of the investment in a regulatory filing.
Implications for Varun Beverages
This acquisition represents a strategic move by Varun Beverages towards sustainable energy practices. By investing in solar power generation, the company is likely aiming to:
- Reduce its carbon footprint
- Potentially lower long-term energy costs
- Enhance its environmental, social, and governance (ESG) profile
While the investment amount of Rs 26,000.00 is relatively small for a company of Varun Beverages' size, it signifies a commitment to exploring and implementing renewable energy solutions in its operations.
Investors and stakeholders may view this development as a positive step towards sustainability and long-term cost management in Varun Beverages' operations.
Historical Stock Returns for Varun Beverages
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.11% | -0.29% | -12.23% | -18.56% | -24.55% | +618.37% |