Jubilant Bhartia Group's Strategic Move

Jubilant Bhartia Group, a multi-sector conglomerate, has announced its plan to acquire a 40% equity stake in Hindustan Coca-Cola Holdings (HCCH) through Jubilant Beverages. The deal, valued at over Rs 10,000 crore, marks a significant investment in the Indian beverage market. HCCH is the parent company of Hindustan Coca-Cola Beverages (HCCB), the largest Coca-Cola bottler in India.

The acquisition aims to strengthen HCCB's position in the Indian market and leverage Jubilant Bhartia Group's expertise in operating successful partnerships with global brands. Shyam S Bhartia and Hari S Bhartia, founders of Jubilant Bhartia Group, emphasized the long-term growth potential of India's F&B sector and the group's strategic intent to diversify into high-growth industries.

The deal is subject to regulatory approval and is part of Coca-Cola's global strategy to divest bottling operations, aligning with its asset-light approach.