Coca-Cola files paperwork for India bottling unit’s IPO
Hindustan Coca-Cola Holdings Ltd, a joint venture between The Coca-Cola Company and Jubilant Beverages, has submitted draft paperwork to the regulatory body SEBI for the purpose of raising capital via an initial public offering (IPO). The proposed IPO will be conducted entirely as an offer for sale (OFS) of up to 99,74,61,456 equity shares.
These shares will be offered by the promoter company, Hindustan Coca-Cola Overseas Holdings Pte Ltd, as outlined in the draft red herring prospectus (DRHP) dated November 6. Given that the issue is an OFS, the company will not receive any funds from the IPO; the entire proceeds will be directed to the selling shareholder. All comments must be in English and expressed as complete sentences, without containing abusive or personal remarks.
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- Hindustan Coca-Cola Holdings files draft papers with SEBI for IPO thehindubusinessline.com
- Coca-Cola's India bottling arm HCCH files DRHP for 997.5 million-share IPO business-standard.com
