Bhartias to buy 40% in Coke's India bottler
Financial Express Ahmedabad|December 12, 2024
MORE IMPORTANTLY, THE stake sale is likely to pave the way for an initial public offering of HCCB in about two years, sources added.

The presence of a large corporate group is likely to boost investor interest ahead of the IPO, sources added.

"With its diverse experience in various sectors, Jubilant brings decades of rich experience that will help accelerate the Coca-Cola system, enabling us to win in the market and provide greater value to consumers," Sanket Ray, president, Coca-Cola India, said.

Shyam S Bhartia, founder and chairman, and Hari S Bhartia, founder and co-chairman of the Jubilant Bhartia Group, said the investment was an "ideal addition" to their business.

This story is from the December 12, 2024 edition of Financial Express Ahmedabad.

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This story is from the December 12, 2024 edition of Financial Express Ahmedabad.

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