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Varun Beverages Acquires 14% Stake in Aspirative Creative Ventures for Solar Power Supply

Written by: Dev SethiaUpdated on: Mar 26, 2025, 12:15 PM IST
Varun Beverages acquires a 14% stake in Aspirative Creative Ventures for ₹2.24 crore to secure solar power for its Gorakhpur facility, enhancing sustainability efforts.
Varun Beverages Acquires 14% Stake in Aspirative Creative Ventures for Solar Power Supply
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Varun Beverages has announced the acquisition of a 14% stake in Aspirative Creative Ventures Private Limited, a special purpose vehicle (SPV) established to supply solar power to consumers in Uttar Pradesh.

The investment, amounting to ₹2.24 crore (Rupees Two Crore Twenty-Four Lakh), is aimed at securing solar power for captive consumption at VBL’s facility in Gorakhpur, Uttar Pradesh.

Investment to Enhance Renewable Energy Consumption

The acquisition aligns with Varun Beverages’ commitment to sustainability by integrating renewable energy into its operations.

The investment in Aspirative Creative Ventures is expected to ensure a steady supply of solar power to VBL’s Gorakhpur facility, reducing its carbon footprint and dependence on conventional energy sources.

Strengthening Commitment to Sustainability

By investing in solar energy, Varun Beverages strengthens its commitment to environmental responsibility while enhancing operational efficiency. This move underscores the company’s efforts to integrate clean energy solutions into its manufacturing processes.

Varun Beverages has requested stakeholders to take note of this development, reaffirming its focus on sustainable growth through renewable energy adoption.

Stocks Performance

On March 26, 2025, Varun Beverages share price traded 1.29% higher at ₹523.90 at 11:51 AM (IST). Varun Beverages’ share price reached a 52-week high of ₹682.84, and a 52-week low of ₹419.40. As per BSE, the total traded volume for the stock stood at 1.59 lakh shares with a turnover of ₹8.30 crores.

At the current price, Varun Beverages shares are trading at a price-to-earnings (P/E) ratio of 76.30x, based on its trailing 12-month earnings per share (EPS) of ₹6.86, and a price-to-book (P/B) ratio of 10.69, according to exchange data.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 26, 2025, 12:15 PM IST

Dev Sethia

Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.

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