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Coca-Cola Considers $1-Billion IPO Of Indian Bottling Unit: Report

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The Hindustan Coca-Cola Beverages IPO might occur next year if it goes ahead, according to Bloomberg citing people familiar with the matter.

“It’s still early in the process and the company hasn’t hired bankers for the deal yet,” said the Bloomberg report quoting the people as saying.

Hindustan Coca-Cola Beverages IPO: Coca-Cola is considering launching a $1-billion IPO of its Indian bottling unit Hindustan Coca-Cola Beverages Pvt, Bloomberg has reported citing people familiar with the matter. It said the global giant has met with bankers in recent weeks to discuss the possible IPO of the local arm.

“It’s still early in the process and the company hasn’t hired bankers for the deal yet,” the report cited the people as saying.

The IPO might occur next year if it goes ahead, as per Bloomberg.

(The story will be updated)

Business Desk

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More

A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More

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