Continental Coffee has announced an amendment to its earlier plan to acquire a stake in Mukkonda Renewables Private Limited. Instead of a direct acquisition, CCL Products (India) Limited will acquire 20.54% and CCL Food and Beverages Private Limited will acquire 5.46%, totaling a 26% stake. This investment of ₹12.12 crore will provide access to renewable energy.
Revised Acquisition Strategy
Continental Coffee has revised its approach to acquiring a stake in Mukkonda Renewables Private Limited. According to a new announcement dated November 5, 2025, the acquisition will now be split between two entities within the Continental Coffee group.
Details of the Investment
The 26% shareholding in Mukkonda Renewables Private Limited will be acquired jointly by:
- CCL Products (India) Limited – 20.54%
- CCL Food and Beverages Private Limited (a wholly-owned subsidiary) – 5.46%
The total investment for this acquisition is ₹12,12,00,000. This will enable CCL Products (India) Limited to access 7.9 MW and CCL Food and Beverages Private Limited to access 2.1 MW of renewable wind and solar energy.
Strategic Rationale
The purpose of this investment is to allow Continental Coffee subsidiaries to access renewable energy for captive consumption. This offers benefits, including reduced energy costs, enhanced energy security, and improved operational stability.
Target Company Profile
Mukkonda Renewables Private Limited is in the business of power generation through non-conventional energy sources. The company was incorporated on July 18, 2025.
Acquisition Timeline and Considerations
The investment is expected to be completed in three stages with 30% within 10 days subject to agreements, 40% upon placing orders for major equipment, and the final 30% upon receipt of major equipment at the site. The equity shares shall be subscribed at the issue price as decided by the target company.
Source: BSE
