Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm

Coca-Cola is selling a 40% stake in its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for $1.47 billion. This marks Coca-Cola's largest deal in India and could lead to HCCB's local listing. Jubilant Bhartia, known for its Domino's Pizza franchise, is expanding its beverage portfolio with this acquisition, potentially impacting Domino's current beverage partnership with PepsiCo.