Coca-Cola said on Monday it
was exploring a potential initial public offering in India for
Hindustan Coca-Cola Beverages, the parent of its largest bottler
in the country.
The company is preparing for a listing on the BSE and the
National Stock Exchange in 2027, it said, adding that it is also
exploring the sale of a portion of its shareholding in the unit.
Indian conglomerate Jubilant Bhartia Group had completed the
purchase of a 40% stake in Hindustan Coca-Cola Beverages in
2025.
“The Coca-Cola Company will stay invested in this important
bottler and focus on growing our portfolio of global and local
brands in India,” said Sanket Ray, Coca-Cola president for India
and Southwest Asia and emerging large markets lead.
The beverage giant has been facing competition in India from
Reliance’s consumer products brand Campa Cola. Bloomberg News
reported last year that an IPO would value the Coca-Cola
bottling unit at $10 billion.