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Varun Beverages gets nod to acquire 100% share capital in Twizza
Dec-22-2025

Varun Beverages has received approval to acquire 100% share capital of Twizza Proprietary (Twizza) (a company incorporated under the laws of South Africa) at an Enterprise value of ZAR 2,095 million (Rs 11,187 million; 1 ZAR = Rs 5.34) through its subsidiary company in South Africa i.e. ‘The Beverages Company Proprietary’ (Bevco), subject to regulatory and other approvals (if any) including but not limited to Competition Commissions of South Africa, Botswana and Eswatini.

The acquisition will enable Bevco to penetrate deeper in the South Africa market through Twizza’s three manufacturing facilities located at Cape Town, Queenstown and Middelburg. Twizza also has backward integration facilities at all plants with total of 5 preform and 1 closure line. The acquisition is to be completed on or before June 30, 2026. The board of directors of the company at its meeting held on December 21, 2025, has considered and approved the same.

Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.

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