In India, The Coca-Cola Co. bottles products such as Thums-Up, Sprite, Fanta, Limca and flagship brand Coca-Cola through subsidiary Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), as well as a set of independent bottling companies.
Jubilant Bhartia Group will acquire 40% in Hindustan Coca-Cola Holdings, the parent of HCCB, through Jubilant Beverages Ltd. HCCB operates 13 factories, serving 236 districts across 12 states in India's south and west.
Coca-Cola struck the deal with a "long-term" view of picking a partner which has capabilities in running reputed businesses in India, a person familiar with the development said. Goldman Sachs is financing a part of the deal, and the ultimate aim is to take the bottling business public, the person said on the condition of anonymity.
The Jubilant Bhartia Group, which started out as a drugs and chemicals company, has since branched into contract research and development services, agricultural products, performance polymers, and food services.
Jubilant FoodWorks Ltd is India's largest food services company, and holds exclusive rights to develop and operate Domino's Pizza in India, Sri Lanka, Bangladesh and Nepal.
This story is from the December 12, 2024 edition of Hindustan Times Uttarakhand.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 12, 2024 edition of Hindustan Times Uttarakhand.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How the challenge of batting in Oz changed
KOOKABURRA RELEASED A REDESIGNED BALL FOR TESTS IN 2021 THAT WAS SUPPOSED TO MAKE THE GAME MORE EXCITING, BUT IT HAS ONLY MADE BATTING MORE DIFFICULT
Grit in the tail frustrates the hosts, India avoid follow-on
Like in 2021, there was defiance in the damp air of Gabba as Deep and Bumrah steer India towards a likely draw on Day 4
Jhulan Goswami stand: Another historic moment at Eden Gardens
KOLKATA: At 6.58pm on a misty winter evening near the Eden Gardens change rooms, Jhulan Goswami took the stage. And said she was speechless.
PRITHVI SHAW NOW AXED FROM MUMBAI VIJAY HAZARE SQUAD
MUMBAI: In a forgettable season, Prithvi Shaw received another jolt when the Mumbai selectors ignored his superb record in List A cricket by dropping him from the squad for the upcoming 50-over Vijay Hazare Trophy tournament.
DDCA head Jaitley calls it mandate for hard work
Newly elected president of Delhi and District Cricket Association (DDCA) Rohan Jaitley on Tuesday promised to build a new cricket stadium in the capital and address the selection controversies surrounding the senior and age-group teams.
Hayley shines, WI level series with big victory
The visiting skipper hit a 47-ball 85* after taking 2 wickets to help the Caribbean women level the 3-match T20 series
Pidilite, two others vie for Dulux maker
MUMBAI: The race for Akzo Nobel India Ltd has narrowed to Pidilite Industries Ltd, JSW Paints Pvt. Ltd and Indigo Paints Ltd, two people close to the development said, with a deal likely to value the maker of Dulux paints at $2.1-2.5 billion.
Market in oversold zone on FPI selling
Fall risk Apart from cash selling, Flls increased bearish bets on index futures by a whopping 16,060 contracts on Tuesday.
RBI's new leadership to retain anti-crypto stance, officials say
NEW DELHI: The change of guard at the Reserve Bank of India (RBI) is unlikely to change the central bank's position on private cryptocurrencies, two officials said.
TVS Electronics to expand electronics manufacturing
NEW DELHI: TVS Electronics plans to expand its electronics manufacturing services (EMS) division to bring it on par with its product and solutions division, senior executives from the Tumakuru, Karnataka-based company said.
