Varun Beverages, PepsiCo’s bottling partner, saw its shares climb 1.7%, hitting an intraday high of Rs 657 on the BSE, after the company completed its acquisition of a 39.93% stake in Lunarmech Technologies. In a filing to the exchanges, Varun Beverages confirmed that the transaction was finalized on December 16, 2024. The move follows the company’s earlier announcement, when it revealed its board had approved the acquisition for a total consideration of Rs 200 crore. Lunarmech, which is now fully under Varun Beverages’ control, adds a new dimension to the company’s business strategy. The acquisition is part of a broader push to expand its operations, as Varun Beverages continues to show strong growth. In its latest earnings report, the company posted a 22.3% YoY jump in net profit, reaching Rs 628.83 crore, while revenues surged by 24.1% YoY to Rs 4,804.68 crore. Over the past year, Varun Beverages’ stock has surged by 48%, underscoring investor confidence in the company’s strong performance and strategic moves.