Varun Beverages Acquires Stake in FPEL HR2 Energy for Captive Solar Power
Varun Beverages Limited announced on April 15, 2026, that it has acquired a significant stake in FPEL HR2 Energy Private Limited. This strategic acquisition aims to secure solar power for the company's captive consumption needs.The company acquired a 29.99% shareholding in FPEL HR2 Energy Private Limited. FPEL HR2 Energy Private Limited operates as a special purpose vehicle engaged in generating and supplying solar power to consumers within the state of Haryana.
The total expenditure for this acquisition of solar power for captive consumption was Rs. 1.58 Crore.
The key details of the acquisition are as follows:
| Detail | Value |
|---|---|
| Acquiring Company | Varun Beverages Limited |
| Target Entity | FPEL HR2 Energy Private Limited |
| Stake Acquired | 29.99% of Equity Share Capital |
| Purpose | Obtain solar power for captive consumption |
| Transaction Value | Rs. 1.58 Crore |
VBL Stock Price Movement
Today, Varun Beverages Limited shares gained momentum, closing at ₹445.55, marking a 3.36% increase in early trading. The stock settled amidst strong buying interest, supported by a volume of 7.80 million shares.Source:
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