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Atlanta, US: The Coca-Cola Company has announced plans to divest its stake in its Indian bottling arm Hindustan Coca-Cola Beverages Private Limited (HCCB) as it looks to unlock value from it. According to a press release, the company will divest a portion of its equity stake through an Initial Public Offering (IPO) by 2027.
This upcoming public listing will make HCCB into a publicly traded enterprise from its previous status as a wholly owned subsidiary. In July 2025, The Coca-Cola Company had already sold 40% of its stake in HCCB to Jubilant Bhartia Group.
“This announcement is another important step for HCCB,” Sanket Ray, president, India and Southwest Asia and Emerging Large Markets Lead for The Coca-Cola Company, said in a press release.
“Under the leadership of our trusted partners in Jubilant Bhartia Group, following the listing the bottler will be well placed to continue to pursue growth. The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India.”
Currently, HCCB operates 14 bottling plants across 10 states in India and employes about 5,000 people, reaching more than 2,000 distributors.
India has been a critical market for Coca-Cola, with sales reaching their highest at around $526 million in 2024-25, the highest since 2021. The company would continue to stay invested in the country through its global and local brands including Coca Cola, Thumbs Up, Sprite, Minute Maid and Maaza, Sanket Ray added.
English (US) ·