Coca-Cola adds fizz to India bottling unit IPO plan, appoints JPMorgan & Citi as bankers

Coca-Cola's Indian bottling unit IPO plans are advancing. JPMorgan and Citi have been appointed to manage the proposed 2027 listing. The company is also exploring the sale of a portion of its stake. This move aligns with Coca-Cola's global asset-light strategy. Hindustan Coca-Cola Beverages is a leading player in India's soft drinks market.