Coca-Cola weighs December draft filing for India bottling unit IPO - report

Coca-Cola is contemplating filing a draft prospectus in December for a possible listing of its Indian bottling unit, Hindustan Coca-Cola Beverages, according to a report by Bloomberg News on Wednesday. The outlet attributed the information to unnamed sources familiar with the matter. Bloomberg News also cited these sources as stating that Coca-Cola has included Axis Capital and IIFL Capital Services among the banks advising on the Hindustan Coca-Cola Beverages offering.

The potential IPO is expected primarily to involve the sale of shares from existing investors, with a valuation of around $10 billion, as reported by the outlet. An offering of this kind could raise approximately $1 billion, as per an earlier Bloomberg report. Other banks advising on the transaction include Kotak Mahindra Capital, Citigroup, JPMorgan, and Morgan Stanley, per media reports.

The article notes that ongoing discussions could lead to changes in the timing, valuation, and structure of the offering. This report was generated with the assistance of AI and subsequently reviewed by an editor.