Coca-Cola India seeks $800M-$1B investment from Indian business families for its bottling subsidiary, HCCB, to fund its IPO and increase revenue.
Coca-Cola India has approached Indian business families, including the Bhartias, Burmans, Parekhs, and Asian Paints promoters, to invest $800M-$1B in its wholly-owned bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB). The investment aims to fund HCCB's IPO and possibly form a consortium, with HCCB achieving a 40% revenue increase to Rs 12,840 crore in FY23. This move follows PepsiCo fully outsourcing its bottling operations to Varun Beverages Ltd.
June 18, 2024
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