Varun Beverages commits ₹413 crore to its South African subsidiary to settle outstanding debts.

Varun Beverages, a subsidiary of Ravi Jaipuria’s RJ Corp, has invested ₹413 crore in its South African subsidiary, Varun Beverages (Pty) Ltd, to pay off debts and strengthen its financial position. The investment is aimed at reducing the company’s debt burden and improving its financial performance. Varun Beverages (Pty) Ltd is a leading beverage player in South Africa, with a portfolio of brands including Coca-Cola, Fanta, Sprite, and Kinley. The company has been facing financial challenges due to high debt levels and the impact of the COVID-19 pandemic on its business. With this investment, Varun Beverages aims to improve its cash flow and enhance its competitiveness in the market. The move is also expected to support the company’s expansion plans in South Africa and other African markets. The investment is a significant step towards strengthening Varun Beverages’ financial position and positioning it for long-term growth.