Jubilant likely to raise Rs 5,500 cr via bonds for Coke bottling biz deal

Banking sources said the group is exploring the prospect of issuing debentures

Jubilant Bhartia Group is planning to raise up to ₹5,500 crore through bonds to finance its acquisition of 40 per cent stake in Coca-Cola’s Indian bottling business. Banking sources said the group is exploring prospects of issuing debentures.

 

The stake acquisition in Hindustan Coca Cola Ltd. is estimated to involve an outgo of ₹12,550 crore. The plan is to finance it through mixed debt, convertible instruments and equity from the group.

 

Jubilant Bhartia Group did not respond to queries from Business Standard by the press time.

 

The group may also likely rope in private capital investor for some portion of