Mumbai, June 2 -- Multinational cola giant Coca-Cola officially announced on Tuesday that it is exploring a potential initial public offering (IPO) of Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), which is the parent company of its largest bottler in India, by 2027.
"Initial preparations are underway for a potential listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), subject to market conditions and applicable regulatory and other approvals," the company informed in an official statement.
"The potential listing will be a significant milestone, completing the refranchising of HCCH and positioning it well to capitalise on the opportunities in the Indian market. This announcement is another important step for HCC...