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flag Varun Beverages to buy South Africa’s Twizza for ₹1,119 crore to boost its Southern Africa market share.

flag Varun Beverages, PepsiCo’s largest bottler outside the U.S., has agreed to acquire South Africa’s Twizza for ₹1,119 crore, aiming to double its market share in the region to 20% by 2027. flag The deal, pending regulatory approvals in South Africa, Botswana, and Eswatini, is expected to close by June 2026. flag Twizza, which reported R1.69 billion in revenue and sold 71 million cases by June 2025, brings an integrated production network and cost efficiencies. flag The acquisition supports Varun’s expansion in Southern Africa, strengthens its supply chain, and positions it to grow in South Africa’s 14% energy drink market—larger than India’s. flag Analysts project cost synergies and a pricing uplift, with Emkay Research upgrading its rating to ‘buy’ and raising its target price to ₹615. flag The stock has risen 7% since October 29, narrowing its 2025 year-to-date decline to 24%.

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