Coca-Cola's India Bottler HCCB Lines Up JPMorgan, Citi for ~$10B IPO by 2027
Hindustan Coca-Cola Holdings, which runs 14 bottling plants across 10 states and posted $1.32B revenue, taps top bankers as Coca-Cola weighs a ~$1B share sale valuing the unit near $10B, part of a broader asset-light bottling shift.
Coca-Cola's India bottling arm Hindustan Coca-Cola Holdings appoints JPMorgan, Citi for a planned 2027 IPO, targeting $1B issue size and $10B valuation amid asset-light bottling strategy.
Why this matters
The IPO move signals Coca-Cola's broader shift toward asset-light bottling in India, distinct from its recent supply-chain investments like Project Unnati's mango sourcing push.
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