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Grapevine: Coca-Cola, Avendus, Tata Capital, Apollo Hospitals, and 91Trucks in news

VCCircle

VCCircle · 5m ago

Grapevine: Coca-Cola, Avendus, Tata Capital, Apollo Hospitals, and 91Trucks in news

Coca-Cola India sold its north Gujarat bottling operations to Kandhari Global Beverages Group for nearly Rs 2,000 crore. This move aligns with Coca-Cola's asset-light strategy, aiming to transfer regulatory compliance to independent bottlers and local businesses. The sale reflects a strategic shift in business operations, focusing on efficiency and local partnerships. The deal underscores the company's ongoing efforts to streamline operations and enhance its market presence through asset minimization.

Related News

Grapevine: Apollo Hospitals, Xander Group, Art Fertility, Relisys Medical in news

VCCircle

VCCircle · 2m ago

Grapevine: Apollo Hospitals, Xander Group, Art Fertility, Relisys Medical in news

Apollo Hospitals and Xander Group plan to offload some assets, while Art Fertility, Relisys Medical, and Battery Smart are actively seeking new investors. Apollo Hospitals is considering divesting its maternity and infant care unit. The information comes from various media reports indicating strategic asset management and investment initiatives within these organizations as they explore portfolio adjustments and growth opportunities through potential new partnerships and investors.

Is India new frontier for Coca-Cola? CEO leads massive delegation to nation

Livemint

Livemint · 1y ago

Is India new frontier for Coca-Cola? CEO leads massive delegation to nation

The Coca-Cola Company is sending a 220-member leadership team, led by CEO James Quincey, to India in recognition of its growing importance as a top volume growth priority market for the company. The team aims to meet with government authorities and engage with bottling partners, acknowledging their significance in capital infusion. Coca-Cola sees potential for expansion in India thanks to its young and populous demographic. The visit comes as Coca-Cola faces challenges in mature markets like the US and Europe. In December 2022, Coca-Cola India entered the domestic alcohol market with the introduction of Lemon-Dou.

Coca-Cola sells 40% stake in HCCB to Jubilant Bhartia Group | Company Business News

Livemint

Livemint · 8m ago

Coca-Cola sells 40% stake in HCCB to Jubilant Bhartia Group | Company Business News

India's Jubilant Bhartia Group is set to acquire a 40% stake in Hindustan Coca-Cola Holdings, the parent company of Hindustan Coca-Cola Beverages, the country's largest Coca-Cola bottler. The deal, valued at between INR120 billion ($1.6bn) and INR125 billion, is part of Coca-Cola's long-term strategy to find a partner with expertise in running businesses in India. The ultimate goal is to take the bottling business public. Jubilant Bhartia Group operates various businesses including contract research and development services, agricultural products and food services. The acquisition is expected to heighten competition in India's beverage packaging industry.

Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news

VCCircle

VCCircle · 9m ago

Grapevine: Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics in news

The Bhartia family is reportedly in talks with an investment bank to acquire a stake in Hindustan Coca-Cola Beverages. HDFC Bank is planning to sell some commercial properties it inherited from its merger with HDFC. Additionally, Zetwerk, which is backed by Peak XV, is considering fundraising options. This news involves several prominent companies including Jubilant Group, Goldman Sachs, HDFC, Zetwerk, and LG Electronics.

Coca-Cola to build capacity in India after ‘robust’ growth in 2023

Livemint

Livemint · 1y ago

Coca-Cola to build capacity in India after ‘robust’ growth in 2023

Beverage giant Coca-Cola plans to reinvest a significant portion of its capital investment increase to expand its capacity in India and support the growth of Fairlife, its American dairy drinks brand. In addition to experiencing robust growth in India and Brazil, the company expects to generate $9.2 billion in free cash flow in 2024. Coca-Cola has been expanding its capacity in India through its bottling subsidiary, Hindustan Coca-Cola Beverages, and currently operates 54 plants across the country.

IPO-bound Lenskart's CFO quits; likely to join Coke India as finance chief

Livemint

Livemint · 11m ago

IPO-bound Lenskart's CFO quits; likely to join Coke India as finance chief

Mukti Hariharan, chief financial officer of Lenskart, has resigned and is reportedly set to join Coca-Cola's Indian arm in a similar role. Lenskart, one of the most highly anticipated IPOs in the Indian startup scene, will now need to find a new CFO as it prepares to go public in the next 18-24 months. Hariharan, who previously worked for Hindustan Unilever and Credit Suisse, is expected to replace Coca-Cola's current CFO Harsh Bhutani, who will be joining Hindustan Coca-Cola Beverages. Coca-Cola has been bullish on India's growth prospects and is looking to reinvest capital in the country.

Grapevine: Coca-Cola gets suitors for India arm; Infra.Market picks banks for IPO

VCCircle

VCCircle · 11m ago

Grapevine: Coca-Cola gets suitors for India arm; Infra.Market picks banks for IPO

Coca-Cola's India bottling arm, Hindustan Coca-Cola Beverages (HCCB), is reportedly in talks with the Burman family of Dabur and the Bhartias, promoters of Jubilant Group, for a possible acquisition. The deal would entail the acquisition of a 40% stake in HCCB for an estimated value of Rs 10,800-12,000 crore ($1.3-1.4 billion), valuing the company at Rs 27,000-30,000 crore ($3.21-3.61 billion). The negotiations are still ongoing, and no final agreement has been reached at this stage.

Coca-Cola may cut stake in bottling arm; PE firms eye Indus Towers

VCCircle

VCCircle · 1y ago

Coca-Cola may cut stake in bottling arm; PE firms eye Indus Towers

Coca-Cola India is reportedly discussing the sale of a minority stake in its bottling unit, Hindustan Coca-Cola Beverages (HCCB), with four prominent Indian business families. The potential buyers include the Bhartia family of Jubilant Group and the Burmans of Dabur. Coca-Cola is looking to reduce its stake in HCCB and seek partnerships with local investors. This move comes as private equity firms show interest in investing in Indus Towers, a telecom company that recently merged with Bharti Infratel.

Coca-Cola bottler SLMG appoints new CEO

Thehindubusinessline

Thehindubusinessline · 1y ago

Coca-Cola bottler SLMG appoints new CEO

Coca-Cola bottler SLMG Group has appointed Costin Mandrea as its CEO. Mandrea, who has more than 25 years of experience in the beverage industry, previously held roles at Coca-Cola Hellenic and Coca-Cola Bottlers Japan Inc. SLMG Group chairman S N Ladhani expressed confidence in Mandrea's leadership abilities, stating that he is well-suited to lead the company's expansion efforts. Mandrea said he is eager to work with the team and use his experience to drive innovation and growth for the company.

Coca-Cola joins govt-backed ONDC network; launches marketplace Coke Shop

IndianStartupNews

IndianStartupNews · 1y ago

Coca-Cola joins govt-backed ONDC network; launches marketplace Coke Shop

Beverage giant Coca-Cola India has joined India's Open Network for Digital Commerce (ONDC) and launched its marketplace, the Coke Shop. The move allows Coca-Cola to provide an additional channel for retailers to sell their products and enhance the purchasing experience. Coca-Cola's bottling partner, Moon Beverages Ltd, will facilitate access to the beverage portfolio on the platform. Coca-Cola India has partnered with SellerApp and nStore Technologies to maximize its presence on the ONDC network and leverage data-driven insights and digital growth strategies. The company aims to strengthen its market presence and offer consumers more purchasing options.

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