Coca-Cola to sell 40% stake of its bottling biz to Jubilant Bhartia Grp

Global beverage major Coca-Cola on Wednesday announced sale of 40 per cent stake in its India bottling business Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) to Jubilant Bhartia Group.

Though the company has not disclosed the amount of the deal, some media reports have pegged it at around Rs 10,000 crore for 40 per cent stake in Hindustan Coca-Cola Holdings (HCCH).

The Bhartia family-led group in a statement said "they have entered into a definitive agreement for a strategic investment whereby Jubilant Bhartia Group will be acquiring a 40 per cent equity interest in Hindustan Coca-Cola Holdings Pvt Ltd, India (HCCH) through its entity Jubilant Beverages Limited. HCCH is the parent company of HCCBL, the largest Coca-Cola bottler in India."