Coca-Cola, Bhartiya family likely to consider listing HCCB in India

Coca-Cola and the Bhartiya family may look to list Hindustan Coca-Cola Beverages (HCCB) in India, with the Bhartiya family set to become the controlling shareholder

American beverage maker Coca-Cola Company and its local partner, the Bhartia family, may look at listing Hindustan Coca-Cola Beverages (HCCB) in India, and the overseas entity’s stake in the bottling company will come down below the majority level over five years, according to a source in the know.

 

The source said in accordance with the plan, the Bhartia family would become the reference and controlling shareholder in the business.

 

“They (the family) are not a passive financial investor or a passive strategic investor and that’s not what Coca-Cola was looking for here,” the source said.

 

On HCCB’s listing, the source