Shares of were trading higher on Friday afternoon, gaining ₹9.80 or 1.92% to ₹520.45 as of 12.37 PM, on volumes of 20.64 lakh shares worth ₹106.70 crore on the NSE.
The company announced that the boards of its two South African subsidiaries have approved a merger. Twizza Proprietary Limited, a step-down subsidiary, will be absorbed into its holding company, The Beverage Company Proprietary Limited (Bevco), which is a direct subsidiary of Varun Beverages.
The merger is subject to applicable laws in South Africa and will be conducted at arm’s length. Since Twizza is wholly owned by Bevco, no cash consideration or share exchange is involved. Twizza’s entire share capital will stand cancelled once the merger becomes effective.
Twizza reported a turnover of ZAR 1,695 million for the financial year ended June 30, 2025, while Bevco’s consolidated turnover stood at ZAR 4,818 million for the same period. The stated rationale is to enable business synergies and optimise operational costs.
The company clarified that Varun Beverages’ shareholding pattern will remain unchanged, as the transaction involves only its foreign subsidiaries.
The stock’s 52-week high stands at ₹555.80, hit on June 17, 2026, and its current market capitalisation is approximately ₹1,75,271 crore.