Coca-Cola Plans $1 Billion IPO for Indian Bottler HCCB, IPO Timing Uncertain

Coca-Cola has engaged investment banks Kotak, HDFC Group, and Citibank to prepare for a proposed initial public offering (IPO) of its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), aiming to raise about $1 billion (around Rs 9,027 crore) with a valuation near $10 billion. The IPO is targeted for 2026 but may be delayed to 2027 if summer demand is affected by heavy rains. HCCB has emphasized its focus on operational excellence and called IPO reports speculative, amid a recent leadership realignment and a strategic shift following Coca-Cola's sale of a 40% stake to Jubilant Bhartia Group.