Varun Beverages has acquired a 26% equity stake in Jager Renewables Two Private Limited. The acquisition will allow Varun Beverages to source solar power for its own consumption in Rajasthan. The investment amount is Rs. 26,000. This move aligns with the company’s strategy to leverage renewable energy sources for sustainable operations.
Investment in Green Energy
Varun Beverages Limited has announced the acquisition of a significant stake in Jager Renewables Two Private Limited. This investment aims to enhance the company’s access to renewable energy, supporting its sustainability goals.
Acquisition Details
The company successfully acquired 26% of the equity share capital of Jager Renewables Two Private Limited. This entity focuses on generating and supplying solar power. The purpose of this acquisition is to secure solar energy for captive consumption within Varun Beverages’ operations in Rajasthan.
Financial Commitment
Varun Beverages has invested Rs. 26,000 in this venture. This investment will enable the company to utilize solar power, reducing reliance on conventional energy sources and lowering its carbon footprint.
Source: BSE
