Varun Beverages has announced the acquisition of a 29.99% equity stake in FPEL HR2 Energy Private Limited for ₹1.58 crore. This investment is aimed at securing solar power for the company's captive consumption in Haryana.
The acquisition aligns with Varun Beverages' strategy to enhance its energy procurement through renewable sources. FPEL HR2 Energy, a special purpose vehicle, is engaged in generating and supplying solar power to consumers in Haryana.
The company previously disclosed its intent to invest in FPEL HR2 Energy in a filing dated February 3, 2026. The recent acquisition is a continuation of that strategic initiative.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).