Varun Beverages' Kenya arm buys Devyani's dairy, juice and water business for $32M
VBL's Kenya subsidiary acquires Devyani Food Industries' dairy beverages, juices and packaged water operations for $32 million (₹305 crore), deepening its African consumer footprint. Separately, JSW MG Motor and Spinny partner on a pre-owned EV ecosystem, and MobiKwik shifts its lending arm to a subsidiary.
Varun Beverages' Kenya arm acquires Devyani's dairy beverages, juices and packaged water business for $32M. JSW MG Motor and Spinny partner on pre-owned EV ecosystem in India. MobiKwik transfers lending business to subsidiary.
Why this matters
Follows Varun Beverages' African expansion streak, including the Twizza and Bevco South Africa subsidiary merger approval aimed at cost optimisation, extending its consumer footprint across the continent.
Retail-company signals accelerating at +609000% QoQ.