Hindustan Coca-Cola Holdings Limited (HCCH), the parent company of Coca-Cola's Indian bottling arm Hindustan Coca-Cola Beverages (HCCB), has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO) on Friday, November 6.
Moneycontrol had reported last week that the company was set to file its DRHP this week.
The offer is entirely an offer for sale (OFS) of up to 997,461,456 equity shares with a face value of Rs 10 each by Hindustan Coca-Cola Overseas Holdings Pte Ltd. The shares are proposed to be listed on the BSE and NSE in 2027.
Read More: Coca-Cola India bottler likely to file DRHP this week for $1 billion IPO
“As previously announced, we are exploring a potential IPO of our bottling operations in India and will provide further updates as appropriate,” John Murphy, president and chief financial officer of The Coca-Cola Company, told analysts after announcing the company's September-quarter results last month.