Coca-Cola weighs $1 billion IPO for Indian bottling arm at ~$10 billion valuation
Coca-Cola is reportedly selecting banks, including Rothschild & Co, for a proposed $1 billion IPO of Hindustan Coca-Cola Beverages, targeting a ~$10 billion valuation. The move follows last year's minority-stake sale to the Jubilant Bhartia Group. HCCB spans 14 plants, 236 districts and reaches 1.7 million retail outlets.
Coca-Cola is reportedly selecting banks for a proposed $1 billion IPO of its Indian bottling arm, Hindustan Coca-Cola Beverages, targeting a ~$10 billion valuation, following last year's minority-stake sale to Jubilant Bhartia Group.