Varun Beverages shares jump 2% on approving Rs 1,119 crore Twizza acquisition, Citi expects 44% upside

Varun Beverages is set to make a splash in the African beverage market with its acquisition of Twizza Proprietary Limited, valued at over Rs 1,100 crore. With the backing of a 'Buy' rating from Citi, this ambitious step is anticipated to finalize by June 2026.