Varun Beverages Acquires South Africa's Twizza for ₹1,118 Crore

• Varun Beverages' board approved the acquisition of 100% stake in South Africa-based Twizza Proprietary Ltd.
• The deal is valued at ZAR 2,095 million, approximately ₹1,118.7 crore.
• Acquisition will be carried out through its South African subsidiary, The Beverages Company Proprietary Ltd., pending regulatory approvals.
• Twizza, a non-alcoholic beverage manufacturer with three facilities, will become a step-down subsidiary.
• The acquisition is expected to strengthen Varun Beverages' presence and manufacturing capabilities in South Africa.

Why It Matters: Varun Beverages expands into South Africa with ₹1,118 crore acquisition of beverage maker Twizza.