Coca-Cola appoints JPMorgan, Citi for India bottler IPO, sources say

Coca-Cola has appointed JPMorgan and Citi for its planned 2027 initial public offering. This significant move involves its majority-owned Indian bottling partner, Hindustan Coca-Cola Holdings. The beverage giant is preparing for this listing and exploring a partial stake sale. This strategy aligns with other global firms tapping into India's growing equity markets. The IPO aims to monetize investments, attracting valuations richer than domestic markets.