Varun Beverages acquisition of SBC Beverages faces delay

Varun Beverages Limited has announced a delay in its proposed acquisition of 100% share capital of SBC Beverages Ghana Limited and SBC Tanzania Limited. The delay stems from the long stop date being reached, while certain precedent conditions remain unfulfilled. The company stated that no extension of the long stop date has been signed. The acquisitions, initially announced in previous intimations, are subject to regulatory and other approvals, including those from PepsiCo Inc. Varun Beverages has assured investors that it will provide immediate updates on any further developments regarding the acquisitions. The company has requested that the exchange take the above on record.