Varun Beverages Limited (VBL), one of the leading bottling partners for PepsiCo in India, has successfully acquired 39.93% of the equity share capital in Lunarmech Technologies Private Limited, marking a strategic step in the company’s expansion and diversification efforts. Following this acquisition, Lunarmech now becomes a wholly-owned subsidiary of VBL, effective from December 16, 2024.
This development comes after VBL’s previous intimation on November 12, 2024, and aligns with its broader growth strategy, which includes strengthening its technological and operational capabilities. The deal, officially announced today, reflects VBL’s commitment to enhancing its technological and product portfolio through strategic acquisitions.
VBL provided a detailed disclosure of the transaction in its earlier filing. The acquisition strengthens the company’s position in the competitive market, bolstering its ability to innovate and grow in a rapidly changing business environment.
This move is expected to provide VBL with greater control over its technology integration and increase operational synergies, positioning the company for sustained success in its core beverage business and beyond.
