Coca-Cola plans to file draft IPO papers by December for Hindustan Coca-Cola Beverages Pvt. The offering is expected to raise about $1 billion and may value the business near $10 billion, with Axis Capital and IIFL Capital Services added to the banking team.
This matters because it could be one of India’s bigger listings and may attract existing investors. The filing is still only planned, so the final timing and size are not confirmed.
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Publisher's headline: “Coca-Cola mulls filing draft papers for $1 billion India IPO in December”
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Signal Desk