Key Decision and Quantitative Figures
The Investment and Borrowing Committee of Varun Beverages Limited (VBL) approved an investment of up to ₹4.10 crore to acquire up to 26% of the equity share capital of Jager Renewables Private Limited. The meeting was held on October 7, 2026, starting at 3:30 PM and concluding at 3:45 PM.
Entity Being Acquired
Jager Renewables Private Limited is described as a special purpose vehicle (SPV) engaged to generate and supply solar power to consumers in the state of Uttar Pradesh under the group captive model envisaged under the Electricity Act, 2003. The company has not yet begun its operations.
Related Party Transaction Status
The disclosure explicitly states that this is not a related party transaction. The promoter/promoter group/group companies of VBL do not have any interest in Jager Renewables, except for this proposed investment through VBL.
Purpose and Impact of Acquisition
The primary object is for VBL to obtain solar power for captive consumption. The power will be supplied to VBL's facilities located in Gorakhpur and Prayagraj, and any other new facility set up in Uttar Pradesh. The stated rationale is that solar power is environmentally friendly and will reduce power costs at these facilities. The investment is a requirement under the Electricity Act for VBL to qualify as a captive user.
Regulatory Approvals
The disclosure states that no governmental or regulatory approvals are required for this acquisition.
Filing and Authentication
The disclosure was signed and submitted by Ravi Batra, Chief Risk Officer & Group Company Secretary of Varun Beverages Limited, on October 7, 2026, at 15:47:53 IST.