The Coca-Cola Company (NYSE:KO) announced that it is exploring a potential public listing in India of Hindustan Coca-Cola Holdings Pvt. Ltd. (Hindustan Coca Cola Holdings Private Limited) (HCCH), the parent company of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCB), in 2027, and the sale of a portion of its shareholding in HCCH in connection with the listing.

Initial preparations are underway for a potential listing on the Bombay Stock Exchange and National Stock Exchange of India, subject to market conditions and applicable regulatory and other approvals. In July 2025, The Coca-Cola Company completed a transaction in which Jubilant Bhartia Group, an Indian family-owned conglomerate with presence in diverse sectors and strong relationships with other multinational companies, acquired a 40% stake in HCCH. The potential listing will be a significant milestone, completing the refranchising of HCCH and positioning it well to capitalize on the opportunities in the Indian market.'This announcement is another important step for HCCB,' said Sanket Ray, president, India and Southwest Asia and Emerging Large Markets Lead for The Coca-Cola Company.

'Under the leadership of our trusted partners in Jubilant Bhartia Group, following the listing the bottler will be well placed to continue to pursue growth. The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India.' Chairman and Co-Chairman of Jubilant Bhartia Group, Shyam and Hari Bhartia, added: 'We are excited to take this next important step in the bottler's journey and reap the benefits of the public listing to create value for all shareholders.

Equally, we are looking forward to continuing to work with The Coca-Cola Company, as an important shareholder in the company.' The Coca-Cola Company has retained Rothschild Co to advise on the listing.