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Jubilant Bhartia group picks 40% in Coca-cola bottling arm
The New Indian Express Sambalpur
|December 12, 2024
JUBILANT BHARTIA GROUP, a conglomerate of diverse businesses spanning from pharma to quick service restaurant (QSR), has announced to acquire 40% stake in Hindustan Coca-Cola Holdings, the parent company of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages.
Though neither side has disclosed the size of the deal, sources peg the transaction at ₹10,000-12,000 crore.
Hindustan Coca-Cola Beverages is the local franchise of US-based beverages manufacturer Coca-Cola. The company in a statement said the investment by the Jubilant Bhartia Group would contribute to the company's ongoing success and help strengthen its position in the Indian market.
This story is from the December 12, 2024 edition of The New Indian Express Sambalpur.
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