Coca-Cola Likely To Offer Quasi Debt To Divest Stake

Investment bankers are expecting Coca-Cola India to announce a quasi-debt financing scheme through either a private placement or an initial public offering (IPO), as part of its equity divestment plan.

Under the quasi-debt plan, the equity can be subscribed through an IPO or a private placement, but it does not carry full ownership. It is considered as temporary financing unless the company defaults. A senior executive with an investment banking company, which has had a few meetings with the Coca-Cola India brass in recent times, said he has communicated his company