Coke Gets 6 More Months For Selloff

The government has extended the deadline for Coca-Cola India to complete divestment through the proposed private placement within six months.

As per the initial agreement with the government, Coca-Cola was to complete the disinvestment by July 17, 2002. The deadline was first extended by a month to August 17. Coca-Cola has now been given till February 28, 2003, to complete the divestment.

The government said it had accepted the divestment plan submitted by the company, which will eventually lead to the company