Bhartias Sip 40% of HCCB—IPO Brewing on the Horizon

The Jubilant Bhartia Group, known for backing Jubilant FoodWorks (Domino’s Pizza’s franchisee in India), is shaking up the beverage game. They’ve inked a deal to snag 40% of Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s bottling arm in India. This transaction could clock in at a hefty ₹12,500 crore, pegging HCCB’s valuation at a whopping ₹31,250 crore. HCCB’s numbers are bubbly – FY24 revenue surged 9.2% to ₹14,021 crore, while profits fizzed up an impressive 247% to ₹2,808.3 crore. Bhartias plan to cover 40% of the deal themselves—around ₹4,000-₹5,000 crore—while Goldman Sachs could step in to fund the rest. This bold move setting the stage for HCCB’s IPO in a few years. The entry of a corporate heavyweight like Jubilant is bound to stir up excitement among investors.

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