Hindustan Coca-Cola Holdings files draft papers with SEBI for IPO
Proposed IPO to be entirely an offer for sale of up to 99,74,61,456 equity shares by promoter Hindustan Coca-Cola Overseas Holdings Pte Ltd
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.
The company has transitioned to a new commenting system; existing registered users can continue engaging with articles, while new users must register and log in to post comments. Full terms and conditions are available on the website.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
