Coca-Cola Sells 40% Stake in Indian Bottling Company to Jubilant Bhartia Group

Coca-Cola has signed an agreement to sell its 40% stake in Hindustan Coca-Cola Holdings Pvt Ltd, the parent company of Hindustan Coca-Cola Beverages Pvt Ltd, its largest bottler in India, to Jubilant Bhartia Group. This strategic divestiture aligns with Coca-Cola's global strategy to reduce asset burdens by transferring its bottling operations. The investment from Jubilant Bhartia Group, a conglomerate with a significant global footprint across various sectors, marks an important milestone for Coca-Cola's operations in India, which is its fifth-largest market worldwide.

Sanket Ray, President of Coca-Cola India, expressed optimism about the partnership, stating, "We welcome Jubilant Bhartia Group to the Coca-Cola System in India. With its extensive experience across various sectors, Jubilant brings decades of rich experience that will help us accelerate the Coca-Cola system, win in the marketplace, and deliver more value to local communities and consumers."

Juan Pablo Rodriguez, CEO of Hindustan Coca-Cola Beverages, emphasized the significance of the investment, noting that Jubilant Bhartia Group's expertise complements the company's strengths. Rodriguez highlighted the goal of providing exceptional value to stakeholders while fostering innovation and sustainable progress.

The joint statement from the companies underscored the importance of this move as Coca-Cola continues to advance its mission of refreshing the world and making a meaningful impact.