The Coca-Cola Company is planning an initial public offering for its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB).
The company aims to launch the IPO by 2027.
The offering seeks to raise approximately $1 billion in capital.
Coca-Cola targets a valuation of nearly $10 billion for the Indian unit.
Management has invited investment banks to pitch for lead roles in the transaction.
The shares will list on both the Bombay Stock Exchange and the National Stock Exchange of India.
This divestment aligns with a global strategy to adopt an asset-light model via refranchising.
India currently ranks as the company's fifth-largest and fastest-growing market.