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Business EconomyPosted at: Dec 11 2024 5:43PM


Jubilant Bhartia Group to pick up 40 pc equity stake in Hindustan Coca-Cola holdings

New Delhi, Dec 11 (UNI) The Jubilant Bhartia Group on Wednesday said that they have entered into a definitive agreement for a strategic investment whereby the Jubilant Bhartia Group will be acquiring a 40% equity interest in Hindustan Coca-Cola Holdings Private Limited, India (HCCH) through its entity Jubilant Beverages Limited.
HCCH is the parent company of Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), the largest Coca-Cola bottler in India.
Mr. Shyam S. Bhartia, Founder and Chairman and Mr. Hari S. Bhartia, Founder and Co-Chairman of the Jubilant Bhartia Group, said, “We are excited to partner with The Coca-Cola Company (TCCC), that has a portfolio of the most well recognised, iconic beverage brands across the world. India is one of the largest and fastest growing, beverage markets globally and a key focus within the TCCC ecosystem.
“Jubilant Bhartia Group operates India’s largest foodservices company that has a proven track record of operational excellence and successful partnerships with global brands. Our deep understanding of the Indian market, combined with TCCC’s global perspective, will further enhance HCCB’s value and accelerate its impressive growth trajectory. This investment underscores our belief in the significant long-term growth potential of India’s F&B sector and aligns with our strategic intent to expand and diversify into high-growth industries,” they added.
This strategic investment will contribute to HCCB’s ongoing success and help strengthen its position in the Indian market.
“The Jubilant Bhartia Group will bring invaluable experience and insights to our business as we continue to grow our presence in India,” said Henrique Braun, President of International Development for The Coca-Cola Company.
“Jubilant Bhartia Group brings a track record of building and growing consumer and other businesses in India with international partners. They are also committed to investing in the communities they serve,” he said.
Sanket Ray, President of the Coca-Cola India & Southwest Asia operating unit, said, “We welcome the Jubilant Bhartia Group to the Coca-Cola system in India. With its diverse experience in various sectors, Jubilant brings decades of rich experience that will help accelerate the Coca‑Cola system, enabling us to win in the market and provide greater value to local communities and consumers.”
The transaction is subject to regulatory approval. The Jubilant Bhartia Group was supported by various organizations, viz. Morgan Stanley as the exclusive financial advisor, M/s Shardul Amarchand Mangaldas & Co as the legal counsel, etc. for this transaction.
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