Varun Beverages to Acquire Up to 26% Stake in Jager Renewables Two for Solar Power Supply
Varun Beverages Limited (VBL) plans to acquire up to 26% stake in Jager Renewables Two Private Limited, a solar power SPV, to supply renewable energy to its Rajasthan facilities. The initial investment is Rs. 26,000 for 2,600 equity shares. This move aims to enhance sustainability, reduce power costs, and improve operational efficiency at VBL's facilities in Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi. The transaction is set to complete by June 2, 2026, with no specific regulatory approvals required.

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Varun Beverages Limited (VBL), a key player in the beverage industry, has announced plans to invest in renewable energy to power its operations in Rajasthan. The company's Investment and Borrowing Committee has approved the acquisition of up to 26% stake in Jager Renewables Two Private Limited, a move aimed at securing a sustainable and cost-effective power supply for its facilities in the state.
Strategic Investment in Solar Power
Jager Renewables Two Private Limited, incorporated on June 6, 2024, is a special purpose vehicle (SPV) established under the group captive model outlined in the Electricity Act, 2003. The company's primary focus is to generate and supply solar power to consumers in Rajasthan. This strategic investment aligns with Varun Beverages' commitment to environmental sustainability and operational efficiency.
Scope of the Acquisition
The acquisition details include:
- VBL will invest in one or more tranches, with an initial investment of Rs. 26,000 in equity shares.
- The company will acquire 2,600 equity shares with a face value of Rs. 10 each.
- Upon completion, VBL will hold up to 26% of the equity share capital in Jager Renewables Two.
Benefits and Impact
This move is expected to bring several advantages to Varun Beverages:
- Environmental Sustainability: By investing in solar power, VBL demonstrates its commitment to reducing its carbon footprint.
- Cost Reduction: The company anticipates a decrease in power costs at its Rajasthan facilities.
- Operational Efficiency: Solar power will be supplied to VBL's facilities in Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi.
Timeline and Regulatory Compliance
- The transaction is expected to be completed on or before June 2, 2026.
- No specific governmental or regulatory approvals are required for this acquisition.
- The investment does not fall under related party transactions, as confirmed by VBL.
Conclusion
This strategic move by Varun Beverages showcases the company's proactive approach to sustainable business practices and operational optimization. By investing in renewable energy, VBL is positioning itself to meet its power needs more efficiently while contributing to the growth of India's clean energy sector.
The company's decision to disclose this information promptly, in compliance with SEBI regulations, underscores its commitment to transparency and good corporate governance practices.
Historical Stock Returns for Varun Beverages
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+1.21% | +1.52% | -0.66% | +10.57% | -15.78% | 0.0% |