(Corrects paragraphs 1 and 3 to say Hindustan Coca-Cola Holdings, not Hindustan Coca-Cola Beverages)
June 1 (Reuters) – Coca-Cola said on Monday it was exploring a potential initial public offering in India for Hindustan Coca-Cola Holdings, the parent of its largest bottler in the country.
The company is preparing for a listing on the BSE and the National Stock Exchange in 2027, it said, adding that it is also exploring the sale of a portion of its shareholding in the unit.
Indian conglomerate Jubilant Bhartia Group had completed the purchase of a 40% stake in Hindustan Coca-Cola Holdings in 2025.
“The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India,” said Sanket Ray, Coca-Cola president for India and Southwest Asia and emerging large markets lead.
The beverage giant has been facing competition in India from Reliance’s consumer products brand Campa Cola. Bloomberg News reported last year that an IPO would value the Coca-Cola bottling unit at $10 billion.
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Shilpi Majumdar)
