Coca-Cola has sold a 40% stake in its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL), to Jubilant Bhartia Group. This strategic move aligns with Coca-Cola's global asset-light strategy.

In India, the company had franchised its bottling operations to its existing bottlers in three key markets - Rajasthan, Bihar, Northeast, and parts of West Bengal to its existing bottlers.

Though the company has not disclosed the amount of the deal, some media reports have pegged it at around Rs 10,000 crore

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

This move is part of the US-based soft drink maker’s global strategy of being asset-light, as it seeks to reduce its stakes in bottling operations worldwide.

Global beverages major Coca-Cola has sold 40 per cent stake in its India bottling business Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) under Jubila

Coca-Cola has sold a 40% stake in its India bottling arm, HCCBL, to Jubilant Bhartia Group. The deal, reportedly worth Rs 10,000 crore, sees the Atlanta-based firm divesting bottling operations globally as part of its asset-light strategy.

Jubilant Bhartia Group said on Wednesday it will buy a 40% stake in Coca-Cola's largest bottler in India, as the Indian conglomerate plans to foray into the country's "high growth" beverage sector. The group,

Cola Co. has agreed to sell a 40% stake in its India bottling unit to the Jubilant Bhartia Group for an undisclosed amount as the beverage giant becomes the latest foreign firm to divest a part of its shareholding in its local arm.

Global beverage giant Coca-Cola has announced the sale of a 40% stake in its Indian bottling business, Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL), to the Jubilant Bhartia Group. Though the company did not disclose the financial details,