Varun Beverages Ltd (VBL) shares fell by 3% after the company extended the deadline for completing its acquisition of Ghana-based SBC Beverages. Initially set for February 28, 2025, the transaction will now be finalized by March 31, 2025, according to a regulatory update.
In November 2024, VBL signed a share purchase agreement to acquire 100% of SBC Beverages Ghana for $15.06 million (₹127.1 crore). This deal is part of a larger acquisition strategy that includes the $154.50 million purchase of Tanzania Bottling Company SA, both PepsiCo businesses.
VBL, a leading bottler for PepsiCo, has been expanding aggressively in international markets. To support these acquisitions and debt repayment, the company raised ₹7,500 crore in 2024 through a Qualified Institutional Placement (QIP).
Varun Beverages’ stock opened at ₹475.50, reaching a high of ₹476.50 and a low of ₹457.95. The stock is nearing its 52-week low of ₹454.10, while its 52-week high stands at ₹681.12. As of 10:13 AM, the shares were trading 3.08% lower at ₹461.80.
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