Varun Beverages up 1.9% as South African units Twizza and Bevco approve merger
VBL's two South African subsidiaries, Twizza and Bevco, have approved a merger aimed at driving synergies and cutting costs. The deal involves no cash or share exchange, leaving VBL's shareholding pattern unchanged. Shares rose to ₹520.45 (+1.92%) on volume of 20.64 lakh shares worth ₹106.70 crore.
Varun Beverages shares rose 1.9% after its two South African subsidiaries, Twizza and Bevco, approved a merger to drive synergies and cut costs. No cash or share exchange involved; VBL's shareholding pattern remains unchanged.