 "Coca-Cola")
Coca-Cola sold its three bottling plants in India for over Rs 500 crore ($73 million) in December, the beverages major informed the New York Stock Exchange on Thursday.
“During the three months and year-ended December 2019, the company recorded a net gain of $73 million on account of the refranchising of certain bottling operations in India,” it filed.
During the corresponding quarter in 2018, it had gained $47 million by refranchising bottling operations in Latin America.
As a part of the transition, Hindustan Coca-Cola Beverages (HCCB) divested three of its existing plants in the region — one each in Ghaziabad,
