Latest news with #EverestIndustrialLanka
Time of India
19-05-2025
- Business
- Time of India
Varun Beverages to acquire 50% stake of Sri Lanka's Everest Industrial for $3.75 mn
Varun Beverages on Monday announced the acquisition of a 50% stake in Everest Industrial Lanka (Private) Limited ( EIL ) for a consideration of USD 3.75 million (approximately INR 320.88 million) following the approval of board of directors. In an exchange filing, the company stated, 'EIL, a company in Sri Lanka, is engaged in the business of production, manufacturing, distribution, and selling of commercial visi-coolers and related accessories.' This strategic move is expected to enhance Varun Beverages' supply chain capabilities and expand its footprint in the South Asian market.
Business Standard
19-05-2025
- Business
- Business Standard
Varun Beverages to acquire 50% stake in Everest Industrial Lanka
Varun Beverages has approved the acquisition of 50% stake of Everest Industrial Lanka (EIL) for a consideration of USD 3.75 Million (Rs 32.08 crore). EIL, a company in Sri Lanka is engaged in the business of production, manufacturing, distribution and selling of commercial visi-coolers and related accessories. Powered by Capital Market - Live News
Time of India
19-05-2025
- Business
- Time of India
Varun Beverages to acquire 50% stake of Sri Lanka's Everest Industrial for $3.75 mn
Synopsis Varun Beverages on Monday announced the acquisition of a 50% stake in Everest Industrial Lanka (Private) Limited (EIL) for a consideration of USD 3.75 million (approximately INR 320.88 million) following the approval of board of directors.
