Coke Considers $1 Billion IPO for Indian Bottling Unit
Coca-Cola is considering an initial public offering (IPO) for its Indian bottling unit, Hindustan Coca-Cola Beverages Pvt. The Atlanta-based drinks giant may file a draft prospectus in December, according to people familiar with the matter.
The IPO is expected to raise $1 billion, and Axis Capital Ltd. and IIFL Capital Services Ltd. have been added to the roster of banks working on the deal.