Coca-Cola Plans Public Listing for Largest Bottler in India by 2027
Coca-Cola announces plans to list its largest bottler Hindustan Coca-Cola Holdings (HCCH)
Image: The Economic Times
Coca-Cola Company is planning to publicly list Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), its largest bottler in India, on the Bombay Stock Exchange and National Stock Exchange by 2027. This move follows a recent stake sale to the Jubilant Bhartia Group and aims to enhance growth opportunities in the Indian market.
- 01Coca-Cola currently owns 60% of HCCH after selling a 40% stake to Jubilant Bhartia Group in July 2025.
- 02The potential public listing is expected to occur in 2027, subject to market conditions and regulatory approvals.
- 03HCCH operates over 2,000 distributors and serves over 1.7 million customers as of March 31, 2026.
- 04The bottling company has a workforce of 5,000 and runs 14 bottling plants across India.
- 05Coca-Cola has engaged Rothschild & Co as advisors for the listing process.
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The Coca-Cola Company has announced plans to explore a public listing for Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), its largest bottler in India, by 2027. This strategic move aims to capitalize on growth opportunities in the Indian market and follows Coca-Cola's recent divestment of a 40% stake to the Jubilant Bhartia Group in July 2025, leaving Coca-Cola with a 60% ownership stake. Initial preparations for the listing on the Bombay Stock Exchange and National Stock Exchange are underway, pending market conditions and regulatory approvals. Sanket Ray, president of Coca-Cola India and Southwest Asia, emphasized that this listing would be a significant milestone for HCCH, enabling it to pursue further growth. HCCH, established in 1997, has a robust distribution network with over 2,000 distributors and serves more than 1.7 million customers. The company employs around 5,000 people and operates 14 bottling plants along with eight co-packers. Rothschild & Co has been retained to advise on the listing, with further details to be announced later.
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The public listing of HCCH could enhance its operational capabilities and market presence in India, potentially leading to job creation and increased market competition.
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