Indian Billionaire Brothers To Buy 40% Stake In Coca-Cola's Indian Bottler [Forbes]
Coca-Cola Company (The) (KO)
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Source: Forbes
Jubilant Bhartia Group —controlled by billionaire brothers Shyam and Hari Bhartia —has agreed to buy a 40% stake in Coca-Cola's Indian bottler, marking the company's expansion into the beverage industry. U.S.-based The Coca-Cola Company announced on Wednesday that Jubilant Bhartia will acquire the stake from Hindustan Coca-Cola Holdings, the parent company of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages (HCCB). “The Coca-Cola Company is home to some of the most respected global brands and we are delighted to be associated with them,” Shyam and Hari Bhartia, cofounders of Jubilant, said in a statement. “Together, we will leverage opportunities to grow the business to greater heights and ensure more Indian consumers can enjoy The Coca-Cola Company's refreshing portfolio of iconic local and international brands.” Financial details of the proposed deal, which is subject to regulatory approvals, weren't disclosed but local media reports said the transaction
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Sec Filings
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- 11/27/24 - Form 144
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