Varun Beverages Limited (VBL), one of PepsiCo’s largest franchise bottlers globally, has announced that its Board’s Investment and Borrowing Committee has approved a strategic acquisition in Sri Lanka. The company will acquire a 50% stake in Everest Industrial Lanka (Private) Limited (EIL) for a cash consideration of USD 3.75 million, which is approximately ₹32 crore.
The acquisition is expected to be completed on or before May 30, 2025, subject to customary closing conditions and regulatory approvals. Everest Industrial is engaged in the beverages and bottling business, aligning with Varun Beverages’ core operations and regional expansion strategy.
This move is aimed at strengthening VBL’s presence in international markets, particularly in the South Asian region. By acquiring a stake in EIL, the company looks to leverage local operations and infrastructure to cater to the growing demand in Sri Lanka’s soft drinks segment.
The investment is in line with VBL’s growth strategy to diversify its geographical footprint and enhance shareholder value through targeted acquisitions in emerging markets.
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