The Jubilant Bhartia Group is poised to acquire a 40% stake in Hindustan Coca-Cola Beverages (HCCBL), Coca-Cola’s Indian bottling arm, for ₹12,500 crore. This strategic move marks a shift in Coca-Cola’s operations in India while reinforcing Jubilant Bhartia’s growing influence in the country’s beverage sector.

The funding for this acquisition will come from a mix of equity and debt, with ₹5,000 crore contributed by the Bhartia family, led by Shyam and Hari Bhartia, while the remaining amount will be backed by Goldman Sachs through a special purpose vehicle (SPV). This collaboration is expected to enhance growth opportunities for Coca-Cola’s portfolio in India.

HCCBL has reported a robust 9.2% increase in revenue for FY24, reaching ₹14,021 crore, along with a remarkable 247% growth in net profit. To further strengthen its market presence, the company has announced plans to invest $1.5 billion over the next five years, focusing on expanding bottling capacities and establishing new facilities in Gujarat and Madhya Pradesh.

In a joint statement, Coca-Cola India’s President, Sanket Ray, expressed enthusiasm about the Jubilant Bhartia Group joining the Coca-Cola system in India, emphasizing that the group’s diverse experience will be a key enabler of future success. Similarly, Shyam and Hari Bhartia highlighted their excitement about partnering with such a globally recognized brand, aiming to grow the business while ensuring more Indian consumers have access to Coca-Cola’s iconic products.