Coca-Cola Co. has invited investment banks to pitch for roles on the planned initial public offering of its Indian bottling unit in a deal that could raise about $1 billion (approximately Rs 9,500 crore), according to people familiar with the matter.
The presentations are scheduled to take place in London next week, where Rothschild & Co., the company’s adviser on the transaction, will meet prospective banks for the proposed listing of Hindustan Coca-Cola Beverages Pvt., the people said, asking not to be identified because the discussions are private.
