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Coca-Cola plans to pop the cap on $1 billion HCCB IPO this year

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Coca-Cola plans to pop the cap on $1 billion HCCB IPO this year

Business

Economic Times•Jan 15

Coca-Cola plans to pop the cap on $1 billion HCCB IPO this year

Coca-Cola is preparing to list its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), through an IPO this summer to raise approximately $1 billion. The company is valued at nearly $10 billion, with investment bankers like Kotak, HDFC Group, and Citibank onboard. This move aligns with Coca-Cola's global strategy of focusing on brand building rather than direct ownership of capital-intensive operations.