Varun Beverages Limited (VBL) announced the successful completion of its acquisition of value-added dairy beverages, juices, and packaged drinking water assets from Devyani Food Industries (Kenya) Limited. The transaction, valued at USD 32 Million, was finalized on August 1, 2026. This strategic acquisition enhances VBL Kenya’s product portfolio and market presence.
Acquisition Successfully Completed
Varun Beverages Limited (VBL) has officially announced the completion of an acquisition by its wholly-owned subsidiary, VBL Industries (Kenya) Limited. This transaction involves acquiring the value-added dairy beverages, juices, and packaged drinking water business of Devyani Food Industries (Kenya) Limited.
Key Transaction Details
The acquisition was completed in accordance with the agreement signed earlier, with a consideration of USD 32 Million. The transaction officially became effective on August 1, 2026. This move is expected to expand VBL’s offerings in the Kenyan market and strengthen its position in the beverage sector.
Prior Disclosure
VBL had previously disclosed this intended acquisition on July 6, 2026. The detailed disclosure requirements under SEBI regulations were met through the earlier intimation.
Source: BSE
