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Varun Beverages has 1.39M shares traded in block
ByAinvest
Friday, Sep 5, 2025 12:29 am ET1min read
Varun Beverages has 1.39M shares traded in block
Varun Beverages Ltd (VBL) has seen a significant increase in trading volume, with 1.39 million shares traded in a single block on September 2, 2025. This surge in trading activity comes amidst the company's recent announcements regarding the incorporation of a joint venture and an investment in solar power.On September 5, VBL confirmed the incorporation of White Peak Refrigeration Pvt Ltd, a joint venture formed with Everest International Holdings to manufacture visi-coolers and other refrigeration equipment. The company also announced an investment in Jager Renewables Two Pvt Ltd, a special purpose vehicle, to acquire up to 26% equity for solar power supply to its Rajasthan facilities [2].
The joint venture, White Peak Refrigeration, aims to expand VBL's product offerings by manufacturing visi-coolers and other refrigeration equipment. The company's investment in Jager Renewables is part of its strategy to source captive solar power for its facilities in Kota, Alwar, Jaipur, Jodhpur, and Bhiwadi. The transaction is expected to be completed by or before June 2, 2026, and does not involve any related party transaction [2].
The increased trading volume and the company's recent announcements have put VBL shares in focus. The shares closed 3.11% low at Rs 489.45 on the BSE on Thursday, September 5, 2025 [2].
References:
[1] https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-zydus-life-ntpc-hdfc-life-varun-beverages-tvs-motor/articleshow/123709183.cms
[2] https://economictimes.indiatimes.com/markets/stocks/news/varun-beverages-shares-in-focus-on-jv-incorporation-with-white-peak-refrigeration/articleshow/123709813.cms
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