The board of Varun Beverages Ltd. has approved the acquisition of 100% stake in South Africa based Twizza Proprietary Ltd. at an enterprise value of ZAR 2,095 million, or about ₹1,118.7 crore.The acquisition will be carried out through its South African subsidiary, The Beverages Company Proprietary Ltd., subject to regulatory and other approvals, including clearances from the Competition Commissions of South Africa, Botswana, and Eswatini.
The transaction is expected to be completed by June 30, 2026, the company said in a regulatory filing.
Twizza is engaged in the manufacturing and distribution of its own branded non alcoholic beverages. Following the acquisition, Twizza will become a step down subsidiary of Varun Beverages.The deal is expected to strengthen BevCo’s presence in South Africa, with Twizza operating three manufacturing facilities located in Cape Town, Queenstown, and Middelburg. All three plants are backward integrated, with a combined capacity of five preform lines and one closure line.
The transaction is expected to be completed by June 30, 2026, the company said in a regulatory filing.
Twizza is engaged in the manufacturing and distribution of its own branded non alcoholic beverages. Following the acquisition, Twizza will become a step down subsidiary of Varun Beverages.The deal is expected to strengthen BevCo’s presence in South Africa, with Twizza operating three manufacturing facilities located in Cape Town, Queenstown, and Middelburg. All three plants are backward integrated, with a combined capacity of five preform lines and one closure line.
For the financial year ended June 30, 2025, Twizza reported a turnover of ₹901.9 crore. During FY25, the company achieved sales volumes of 71 million cases, with net revenue also standing at ₹901.9 crore.
Shares of Varun Beverages Ltd. settled 0.77% lower on Friday at ₹469.95. The stock is down 28% so far in 2025.
First Published: Dec 22, 2025 7:11 AM IS
