Coca-Cola mulls $1-billion IPO for Indian bottling arm: Report
Mumbai: Coca-Cola Co. is weighing plans to launch an initial public offering (IPO) of its Indian bottling subsidiary, Hindustan Coca-Cola Beverages Pvt Ltd, that could raise around $1 billion, Bloomberg reported, citing people familiar with the matter.
According to the report, the beverage major has held preliminary discussions with investment bankers over the past few weeks about the potential share sale.
However, the process is still at an early stage, and the company has not yet appointed bankers to manage the deal, the people said.
If the plan moves forward, the IPO could take place sometime next year, Bloomberg added.
Hindustan Coca-Cola Beverages, Coca-Cola’s largest bottling partner in India, manages a significant portion of the company’s manufacturing and distribution network across the country.
A public listing would mark one of the largest offerings in India’s fast-moving consumer goods (FMCG) space in recent years.
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