Coca-Cola appoints JPMorgan, Citi for India bottler IPO, sources say

Coca-Cola has appointed JPMorgan and Citi for its planned 2027 initial public offering. This significant move involves its majority-owned Indian bottling partner, Hindustan Coca-Cola Holdings. The beverage giant is preparing for this listing and exploring a partial stake sale. This strategy aligns with other global firms tapping into India's growing equity markets. The IPO aims to monetize investments, attracting valuations richer than domestic markets.

from Economic Times https://ift.tt/Etve4lq