Jager Renewables Two Private Limited announced that it will receive a round of funding on September 3, 2025. The transaction will include participation from new investor, Varun Beverages Limited. The company will issue common shares in this transaction. The deal will close in one or more tranches and completion of this transaction is expected on or before June 2, 2026. On completion of the transaction investor shall
hold up to 26% of equity share capital in the company.
On same date, the company issued 2,600 equity shares at an issue price of INR 10 per share for gross proceeds of INR 26,000 million in its first tranche.
Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by it include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It has approximately 34 manufacturing plants in India and over six manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe). Its subsidiaries include Varun Beverages (Nepal) Private Limited, Varun Beverages Lanka (Private) Limited, The Beverage Company Proprietary Limited, and others.
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