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Coca-Cola is reportedly planning to list its Indian bottling arm, Hindustan Coca-Cola Beverages in a $1 billion IPO. This could value the company at around $10 billion.
The listing is likely to happen next year, though details are still being finalised.
The deets: the IPO will likely include a mix of fresh shares and an Offer For Sale (OFS), allowing Coca-Cola to partially offload its stake while raising funds for capacity expansion and new product lines.
Why it matters: this move aligns with the company’s strategy to localise ownership and deepen investor participation in its biggest growth market.
It also signals rising confidence among global giants in India’s booming capital markets, following the footsteps of LG’s $1.3B IPO and Hyundai’s $3.3B debut.
Zoom out: India’s non-alcoholic beverage market is valued at over $10 billion, it’s growing at a brisk 6–8% annually. Rising incomes, hotter summers, and a younger population are driving a thirst for everything from energy drinks to fruit juices.
For Coca-Cola, this IPO is about a long-term bet on India’s growing beverage boom.
