Varun Beverages’ Kenya unit to acquire Devyani Food Industries Kenya assets for $32m
Varun Beverages’ Kenya subsidiary will acquire Devyani Food Industries Kenya’s dairy beverages, juice and water business for $32 million, expanding its non-carbonated drinks portfolio in East Africa.
Indian automobile manufacturers, including Tata Motors, Maruti Suzuki, Mahindra & Mahindra, TVS Motor and Bajaj Auto, are in focus after July volume growth. Separately, Varun Beverages’ Kenya unit will acquire Devyani Food Industries Kenya’s dairy beverages, juice and water business for $32 million.
Why this matters
Tata Motors Passenger Vehicles’ recent signals show July sales up 59% to 63,760 and EV volumes more than doubling, while India electric-car sales rose 82%; the Varun deal extends the broader retail-company expansion theme.
Retail-company signals are accelerating, up 224033% QoQ.