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Coca-Cola India bottling unit taps JPMorgan, Citi for planned 2027 IPO

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Coca-Cola's Indian bottling arm, Hindustan Coca-Cola Beverages, is moving forward with plans for a stock market listing targeted for 2027. The company has appointed JPMorgan and Citi as bankers to manage the proposed IPO. Coca-Cola is also considering selling a portion of its stake as part of the process. The move is consistent with the beverage giant's broader global strategy of shifting toward an asset-light business model. Hindustan Coca-Cola Beverages is among the leading players in India's soft drinks industry.

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