Varun Beverages details ₹11,187 crore Twizza acquisition
pre-market1 source ↓written by the desknot a recommendation
- Proprietary Limited
- ₹11,187 crore
- in the South
- 100% stake
Varun Beverages Limited announced its strategic acquisition of Twizza Proprietary Limited for ₹11,187 crore. This deal grants Varun a 100% stake in the South African beverage manufacturer, enhancing its presence in Africa's largest soft drinks market. The acquisition is expected to leverage promising growth opportunities in the region. 📈
Key Details:
• Enterprise Value: ZAR 2,095 million (₹11,187 million)
• Target Revenue: ZAR 1,689 million (₹9,019 million)
• Exchange Rate: 1 ZAR = ₹5.34
This move positions Varun Beverages for significant international expansion, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.