Coca-Cola’s Indian bottling business files for IPO; 99.75 crore shares up for sale

Hindustan Coca-Cola Holdings Ltd has filed its draft IPO papers with the Securities and Exchange Board of India. The planned IPO will involve the sale of up to 99.75 crore equity shares by the promoter. Coca-Cola aims to list HCCH by 2027 amid a global asset-light strategy for its bottling assets. The company operates through 14 bottling plants across India and has a significant distribution network.