Varun Beverages Enhances Corporate Guarantee for South African Subsidiary to ZAR 2,970 Million
Varun Beverages Limited (VBL) has announced an enhancement of its Corporate Guarantee on behalf of its South African subsidiary, The Beverage Company Proprietary Limited (Bevco). The guarantee has bee...
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Why is Varun Beverages Limited in the news today?
Varun Beverages Limited (VBL) is in the news due to the announcement concerns an increase in corporate guarantee for a subsidiary to secure a credit facility. while it involves a significant financial commitment, the company states there is no direct impact on the listed entity, and the transaction is at arm's length. therefore, the sentiment is neutral.
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Varun Beverages Enhances Corporate Guarantee for South African Subsidiary to ZAR 2,970 Million
December 29, 2025, 07:15 AM
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Varun Beverages Limited (VBL) has announced an enhancement of its Corporate Guarantee on behalf of its South African subsidiary, The Beverage Company Proprietary Limited (Bevco). The guarantee has been increased from ZAR 1,500 Million to ZAR 2,970 Million.
This enhanced corporate guarantee is in favor of FirstRand Bank Limited (acting through its Rand Merchant Bank division) and serves to secure a credit facility extended to Bevco. The guarantee will remain valid until July 31, 2031.
The company has clarified that the promoter, promoter group, and group companies have no interest in this transaction, and it has been conducted at arm's length. VBL has stated that there is no impact of this Corporate Guarantee on the listed entity itself.
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