NSSA snaps up 8.5% Dairibord stake, disrupts Varun deal

LIVINGSTONE MARUFU The proposed takeover of Dairibord Holdings by Indian beverage group Varun Beverages has been thrown into fresh uncertainty after the National Social Security Authority (NSSA) snapped up an 8.5% stake from the Equivest Asset Management consortium, weakening the shareholder bloc that had assembled a controlling interest for the transaction. The US$7 million-plus acquisition,…