Varun Beverages Limited (BSE:540180) agreed to acquire 20% stake in Lunarmech Technologies Pvt. Ltd for INR 150 million on September 9, 2019. Varun Beverages will acquire 0.2 million shares of Lunarmech Technologies and will pay cash consideration. Post completion, Varun Beverages will indirectly own 55% stake in Lunarmech Technologies. Lunarmech Technologies reported revenues of INR 775.5 million for the year ended March 31, 2019. The transaction is approved by Board of Varun Beverages Limited. The transaction is expected to compete within seven days from the date of execution of agreement i.e. by September 15, 2019. Varun Beverages Limited (BSE:540180) completed the acquisition of 20% stake in Lunarmech Technologies Pvt. Ltd during third quarter and nine months ended September 30, 2019.