Coca‑Cola is preparing a $1 billion IPO for its Indian bottling arm, Hindustan Coca‑Cola Beverages (HCCB), appointing Kotak, HDFC Group, and Citibank as bankers. Targeting a near-$10 billion valuation, the listing could slip to 2027 if peak summer demand is disrupted by rains—echoing last year’s volatility in India’s soft drinks market.
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