Coca-Cola India's bottling arm HCCH files DRHP for IPO
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Hindustan Coca-Cola Holdings Limited submitted its Draft Red Herring Prospectus to SEBI for an IPO.
- ✓The offer involves an Offer for Sale of nearly one billion equity shares by the promoter.
- ✓Coca-Cola India aims to use this move to focus on brand development and its asset-light operating model in India.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Hindustan Coca-Cola Holdings Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. This IPO will involve an Offer for Sale of nearly one billion equity shares by the promoter. Coca-Cola India aims to enhance its asset-light operating model while focusing on brand development and digitization. The company has shown impressive revenue growth in its recent financial performance.
New Delhi: Coca-Cola India's bottling arm Hindustan Coca-Cola Holdings Limited (HCCH), has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its proposed IPO.
The offer is entirely an Offer for Sale (OFS) of up to 997,461,456 equity shares of face value Rs 10 each by Hindustan Coca-Cola Overseas Holdings Pte Ltd, the promoter selling shareholder. The equity shares are proposed to be listed on BSE and NSE.
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Economic Times
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