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Market Chatter: Coca-Cola Ropes in JPMorgan, Citi as Bankers for Indian Bottling Unit's IPO

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Beverage giant Coca-Cola has appointed JPMorgan and Citi as bankers for the proposed initial public ​offering of its Indian bottling unit, Hindustan Coca-Cola Holdings, in 2027, Reuters reported Monday, citing people with direct knowledge of the matter.

Coca-Cola disclosed in June that it was exploring a 2027 public listing for the Indian bottling unit alongside the potential sale of a portion of its stake.

Bankers had made their pitch to Coca-Cola for the IPO mandate in London earlier this month, after which JPMorgan and Citi were appointed, Reuters said. Kotak and Morgan Stanley have already been appointed as bankers on ​the IPO, said one of the sources cited in the report.

The investment banks and Coca-Cola did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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