Coca-Cola sells 40% stake in India bottling business Hindustan Coca-Cola Beverages to Jubilant Bhartia Group
Coca-Cola India President Sanket Ray stated: “We welcome Jubilant Bhartia Group to the Coca-Cola System in India. Coca-Cola, the global beverage giant, has sold 40 per cent stake of its Indian bottling operation, Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL), to Jubilant Bhartia Group. Whilst the financial details remain undisclosed officially, media sources suggest the transaction…