Coca-Cola is preparing to list its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), through an IPO this summer to raise approximately $1 billion. The company is valued at nearly $10 billion, with investment bankers like Kotak, HDFC Group, and Citibank onboard. This move aligns with Coca-Cola’s global strategy of focusing on brand building rather than direct ownership of capital-intensive operations.
M-cap of 6 of top-10 most valued firms surges Rs 1 lakh cr; Airtel, Bajaj Fin top winners
In the last week, Indian stock markets thrived, witnessing a remarkable Rs 1 lakh crore increase in the combined market valuation of six leading companies.