Varun Beverages has enhanced its corporate guarantee for its wholly-owned subsidiary, Varun Beverages International DMCC (VBL DMCC), based in Dubai, United Arab Emirates. The guarantee amount has been increased from USD 27.50 million to USD 49.50 million, and is valid until June 30, 2027. This corporate guarantee is in favor of ICICI Bank Limited and is intended to secure a credit facility extended to VBL DMCC.
Enhanced Guarantee Details
Varun Beverages has enhanced a Corporate Guarantee on behalf of Varun Beverages International DMCC (VBL DMCC), its wholly-owned subsidiary located in Dubai, United Arab Emirates. The enhancement was effective as of January 14, 2026.
Guarantee Amount and Validity
The amount of the Corporate Guarantee has been increased from USD 27.50 Million to USD 49.50 Million. The guarantee is valid up to June 30, 2027. This guarantee is provided to ICICI Bank Limited to secure a credit facility extended to VBL DMCC.
Impact on Listed Entity
The company has stated that there is no impact of this Corporate Guarantee on the listed entity, Varun Beverages Limited.
Source: BSE
