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Jubilant Group, known for its ventures in pizza chains and pharmaceuticals, is set to acquire a 40% stake in Coca-Cola India for Rs 12,500 crore. The deal will be financed by borrowing from mutual funds, high-net-worth individuals (HNIs), and retail investors, according to a report by Moneycontrol.
The Bhartia family, the promoters of Jubilant Group, announced the acquisition through Jubilant Beverages Limited. The target company for the purchase is Hindustan Coca-Cola Holdings (HCCH), the parent of Hindustan Coca-Cola Beverages Private Limited, which is India’s largest Coca-Cola bottler.
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