Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages

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Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages - Business Standard

Quick Summary:

The company’s expansion plans include a $1.5 billion capital expenditure over five years to enhance bottling capacities and build new facilities in Gujarat and Madhya Pradesh.

Hindustan Coca-Cola Beverages recently reported a 9.2 per cent increase in revenue to Rs 14,021 crore for FY24, with a net profit surge of 247 per cent year-over-year.

Coca-Cola India plans to emulate PepsiCo’s model of asset-light operations, seeking value creation through the HCCB stake sale.