Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary of Varun Beverages Limited, has successfully incorporated a new joint venture company in Zimbabwe. Named ‘Varun Beverages Holding (Zimbabwe) (Private) Limited’, the JV was established on August 3, 2026. This move signifies a strategic expansion into the Zimbabwean market, with Varun Beverages Holding (Zimbabwe) being majority-owned by the group.
Joint Venture Established in Zimbabwe
Varun Beverages (Zimbabwe) (Private) Limited, a key subsidiary of Varun Beverages Limited, has announced the incorporation of a new joint venture company in Zimbabwe. The new entity, named “Varun Beverages Holding (Zimbabwe) (Private) Limited”, was officially established on August 3, 2026. This strategic development marks an expansion of the company’s operations into the African market.
Ownership and Investment Details
The joint venture is set to operate as a holding company within Zimbabwe. According to the disclosure, Varun Beverages Holding (Zimbabwe) (Private) Limited has an authorized share capital of USD 500,000, divided into 500,000 shares of USD 1 each. The paid-up share capital stands at USD 1,000, comprising 1,000 shares of USD 1 each. The shareholding structure indicates that Varun Beverages (Zimbabwe) (Private) Limited will hold 70% of the JV, while Mega Market Private Limited will hold the remaining 30%. The incorporation is classified under the holding/investment industry sector.
Source: BSE
