Jubilant Bhartia Group to buy 40% stake in Coca-Cola's Indian bottler
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,
Coca-Cola sells 40% stake in bottling arm HCCBL to Jubilant Bhartia Group
New Delhi, Dec 11 (PTI) Global beverages major Coca-Cola has sold 40 per cent stake in its India bottling business Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) to Jubilant Bhartia Group. Though the company has not disclosed the amount of the deal, some media reports have pegged it at around ₹ 10,000 crore.
Coca-Cola to Sell 40% in India Bottling Unit to Jubilant 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.
Coca-Cola sells 40% stake in India bottling business Hindustan Coca-Cola Beverages to Jubilant Bhartia Group
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.
Why Did Coca Cola Sell 40% Stake In Bottling Business To Jubilant Bhartia Group?
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,
Coca-Cola sells 40% stake of HCCBL to Jubilant Bhartia Group
Coca-Cola Co. sold 40 per cent of its stake in Hindustan Coca-Cola Holdings Pvt Ltd to the Jubilant Bhartia Group, reported PTI on Wednesday, December 11.
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