The transaction, initially set for completion by February 28, 2025, has now been extended to March 31, 2025, subject to regulatory approvals, including from PepsiCo Inc.
“…we would like to update that consummation of the aforesaid transaction is extended up to March 31, 2025, instead of February 28, 2025 (as intimated earlier on November 12, 2024),” Varun Beverages said in a regulatory filing.
Also Read: Varun Beverages Share Price: Analysts retain ratings with up to 47% upside on the stock
On November 13, 2024, Varun Beverages Ltd (VBL) entered into a share purchase agreement for the purchase of 100% shares of SBC Beverages Ghana at $ 15.06 million (₹
127.1 crore). The company had estimated to complete the transaction by the end of February 2025.
Last November, VBL entered into a share purchase agreement with Tanzania Bottling Company SA and SBC Beverages Ghana for the purchase of 100% shares at $ 154.50 million and $15.06 million, respectively. Both are PepsiCo’s business.
Varun Beverages reported revenue of ₹3,689 crore during the October to December quarter, which on a year-on-year basis, was a growth of 38%. The company reported revenue of ₹3,689 crore during the October to December quarter, which on a year-on-year basis, was a growth of 38%.
Also Read: Varun Beverages shares set to maintain this post listing record at the end of 2024
Net profit for the period surged by 40% to ₹185 crore. Earnings Before Interest, Tax, Depreciation and Amortisation increased by 39% to ₹580 crore, while the EBITDA margin remained flat at 15.7%. India volumes grew 11.4%, while consolidated volumes rose 23.2%, largely led by new territories resulting in a consolidated revenue increase.
Shares of Varun Beverages Ltd ended at ₹476.40, down by ₹23.50, or 4.70% on the BSE.
