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,

The Jubilant Group's Bhartia family is investing Rs 5,000 crore and the remaining amount is being financed by Goldman Sachs, which has pledged to fund a special purpose vehicle for the deal

The investment by the Jubilant Bhartia Group will contribute to the company’s ongoing success and help strengthen its position in the Indian market.

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.

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

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.

Coca-Cola has reached a deal with the Jubilant Bhartia Group to offload a 40% stake in Hindustan Coca-Cola Holdings Pvt Ltd for Rs 12,500 crore.

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

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.