Ravi Jaipuria has seen his fortune jump by more than $3 billion in the last three months, spurred primarily by a 38% jump in shares of his flagship Varun Beverages. His net worth has nearly reached $15 billion on Forbes’ Real-Time Billionaires Ranking.
The 68-year-old chairman has been expanding his soft drinks-to-fast foods empire both at home and abroad, which has investors bidding up the shares of his two main listed companies—Varun Beverages and Devyani International—both of which announced acquisitions this week.
On Tuesday, Gurgaon-based Varun Beverages said that it would acquire South Africa’s BevCo for 13.2 billion rupees ($158 million). BevCo holds the rights to produce PepsiCo’s non-alcoholic beverages in the African nation. Shares of Varun Beverages jumped 7% on the news, reaching an all-time high of 1,253.40 rupees.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
