Varun Beverages to invest 19.20% stake in Utryan Energy Puri
8th Aug 2022

Varun Beverages has agreed to invest 19.20% (in one or more tranches) of equity share capital of Utryan Energy Puri, a special purpose vehicle inter-alia engaged to supply solar power to consumers in the state of Uttar Pradesh. The company intends to obtain solar power (generation and supply) from SPV for its facilities located in Greater Noida, Uttar Pradesh. Solar power is environment friendly and will also reduce the power cost in the Greater Noida facilities. Accordingly, as per the Electricity Act, the Company, being captive user, is required to make investment in the SPV.

Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.