ALFA Filings
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Varun Beverages Limited has incorporated a new wholly-owned subsidiary in India named KIVA Spirits and Company Limited. This follows the board's prior approval on August 25, 2026.
Varun Beverages will incorporate a joint venture in Tunisia to produce and distribute beverages. The company will hold a 75% stake for a cash consideration.
Varun Beverages approved incorporating a wholly-owned subsidiary in India and a joint venture in Tunisia. The India subsidiary's proposed paid-up capital is ₹9 Crore.
Varun Beverages has completed the merger of its step-down subsidiary, Twizza Proprietary Limited, into its subsidiary, The Beverage Company Proprietary Limited. Consequently, Twizza has ceased to be a step-down subsidiary.