Coca-Cola plans potential Indian listing, shares fall 2.4%

Shares of The Coca-Cola Company fell 2.4 percent during trading on Thursday, closing at $76.9070. The decline came as the global beverage giant announced it is exploring a public listing for its major Indian bottling operation, a strategic move that could reshape its presence in one of its fastest-growing markets.

The company confirmed it is considering a potential public offering in India for Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), the parent company of its largest Indian bottler, Hindustan Coca-Cola Beverages (HCCB). Initial preparations are underway for a potential listing on the Bombay Stock Exchange and National Stock Exchange of India, subject to market conditions and regulatory approvals. The company indicated the offering could take place in 2027.

As part of the process, Coca-Cola plans to sell a portion of its current 60 percent stake in HCCH. The remaining 40 percent was sold to the Jubilant Bhartia Group last year as part of a broader restructuring. Company officials described the potential listing as a significant milestone that would complete the refranchising of HCCH and position it to capitalize on opportunities in the Indian market. The president for India...