Varun Beverages Ltd (VBL), a key bottling partner of PepsiCo, has announced its decision to acquire a 50% stake in Everest Industrial Lanka (Pvt) Ltd for USD 3.75 million (approximately Rs 32 crore). The strategic move will allow VBL to internalize the production of visi-coolers—a critical element in beverage retail infrastructure—by integrating supply through this Sri Lankan entity. With regulatory clearance already in place from the Board of Investment of Sri Lanka, the transaction is expected to be completed by the end of May 2025.