Mumbai, Dec. 22 -- The company said the acquisition will be executed through its wholly owned subsidiary in South Africa. The proposed transaction involves the purchase of 100% equity in Twizza at an enterprise value of about ZAR 2,095 million, or roughly Rs 1,118.7 crore. The deal is subject to regulatory approvals from competition authorities in South Africa, Botswana and Eswatini.

Founded in 2003, Twizza is engaged in the manufacturing and distribution of own branded non alcoholic beverages. It operates three manufacturing facilities in Cape Town, Queenstown and Middelburg, with a combined annual capacity of around 100 million 8 oz cases. The company sells its products across South Africa, Lesotho, Eswatini, Botswana and Namibia, and ...