Varun Beverages on Monday announced the acquisition of a 50% stake in Everest Industrial Lanka (Private) Limited (EIL) for a consideration of USD 3.75 million (approximately INR 320.88 million) following the approval of board of directors.
In an exchange filing, the company stated, “EIL, a company in Sri Lanka, is engaged in the business of production, manufacturing, distribution, and selling of commercial visi-coolers and related accessories.”
This strategic move is expected to enhance Varun Beverages’ supply chain capabilities and expand its footprint in the South Asian market.
In an exchange filing, the company stated, “EIL, a company in Sri Lanka, is engaged in the business of production, manufacturing, distribution, and selling of commercial visi-coolers and related accessories.”
This strategic move is expected to enhance Varun Beverages’ supply chain capabilities and expand its footprint in the South Asian market.
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