Coca-Cola has selected JPMorgan and Citigroup as lead bankers for the planned initial public offering of its majority-owned Indian bottling partner, Hindustan Coca-Cola Holdings.
The deal is targeted for 2027, marking a concrete step toward monetizing the beverage giant’s operations in one of the world’s fastest-growing consumer markets.
The selection of top-tier global banks underscores the scale and strategic importance of the listing.
By engaging JPMorgan and Citi, Coca-Cola is signaling its intent to execute a complex, high-profile transaction that will likely attract significant institutional interest.
The move comes as multinational corporations increasingly look to unlock value from their emerging-market subsidiaries through public listings.
This development fits into a broader trend of Western consumer companies capitalizing on their Indian assets.