Coca-Cola Plans $1 Billion IPO for Indian Bottling Arm Hindustan Coca-Cola Beverages

Coca-Cola plans to list its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), through an initial public offering (IPO) this year, aiming to raise about $1 billion (approximately Rs 9,027 crore) with a valuation near $10 billion. Investment bankers Kotak, HDFC Group, and Citibank are involved. The IPO may be delayed to 2027 if summer demand is affected by rains. This move aligns with Coca-Cola's global asset-light strategy focusing on brand building and innovation. The process began after selling a 40% stake in HCCB's parent to Jubilant Bhartia Group, which holds franchise rights for several US restaurant chains in India, potentially enabling synergies between beverage and quick-service sectors.