Varun Beverages Limited (NSEI:VBL) agreed to acquire 50% stake in Everest Industrial Lanka (Private) Limited for INR 320 million on May 19, 2025.

For the period ending December 31, 2024, Everest Industrial Lanka (Private) Limited reported total revenue of INR 148.9 million ($1.74 million).

The deal has been approved by the board of Varun Beverages Limited and has also received approval from Board of Investment, Sri Lanka. The transaction is expected to close on or before May 30, 2025.