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Coca-Cola Mulls Filing Draft Papers for $1 Billion India IPO in December
The offering could raise about $1 billion and value the bottling unit at roughly $10 billion, according to Bloomberg.
- Coca-Cola is weighing a December draft prospectus filing for an initial public offering of its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt, though plans remain under discussion.
- The potential offering could raise around $1 billion, with the bottling business considered for a valuation of about $10 billion, consisting largely of shares sold by existing investors.
- Coca-Cola has expanded its roster of banks for the offering, recently adding Axis Capital Ltd. and IIFL Capital Services Ltd. to a group including Kotak Mahindra Capital, Citigroup Inc., JPMorgan Chase, and Morgan Stanley.
- Companies raised almost $10 billion through IPOs between July and September, the highest quarterly amount; nationally, more than $13 billion has been raised through nearly 250 IPOs so far.
- Deliberations continue regarding timing, valuation, and structure, which could change as discussions proceed; a listing would give Coca-Cola an opportunity to access public markets and unlock value from its bottling operation.
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Coca-Cola may file USD 1 billion India bottling IPO papers in December: Sources - The Tribune
Coca-Cola Co is planning to file a draft prospectus in December for an initial public offering of its Indian bottling subsidiary, according to people familiar with the matter.
·Chandigarh, India
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The Economic TimesReposted by 
Times of India
Times of IndiaCoca-Cola mulls filing draft papers for $1 billion India IPO in December
Coca-Cola Co. plans to submit a draft prospectus by December for the anticipated IPO of Hindustan Coca-Cola Beverages Pvt. This offering, projected to garner about $1 billion, is expected to attract existing investors. With a valuation close to $10 billion, the deal highlights India's thriving investment landscape. The company has teamed up with various banks to streamline the process, riding the wave of recent IPO successes in the region.
·Mumbai, India
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right6Center2Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
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