The Coca-Cola Company is advancing plans to list its Indian bottling operations, held under Hindustan Coca-Cola Holdings (HCCH). [1, 6, 10] The company is expected to file draft papers shortly. [1, 2, 4, 7] The IPO could raise around $1 billion. [1, 2, 4, 7] It could value the business at approximately $10 billion. [1, 2, 4, 7] The listing is anticipated in 2027 on Indian stock exchanges. [4, 8, 10]
The move aligns with Coca-Cola’s global strategy to divest from capital-intensive bottling operations and focus on an asset-light model. [2, 4] The IPO is expected to be primarily an offer for sale by existing shareholders. [1, 3, 10]
The Coca-Cola Company currently holds a 60% stake in HCCH. [3, 5, 8] The Jubilant Bhartia Group acquired the remaining 40% in 2025. [3, 5, 8]