#CocaCola divests #Jharkhand bottling operations to Moon Beverages https://t.co/Lyv5hRZWYM
#JubilantFoodworks clarifies that it is not part of the #JubilantBhartiaGroup deal to acquire a stake in Hindustan #CocaCola Holdings.
Jubilant Food Says, Not Part Of The Deal Announced Between Jubilant Bhartia Group & CocaCola
The Jubilant Bhartia Group has reached an agreement to acquire a 40% stake in Hindustan Coca-Cola Holdings, the bottling subsidiary of Coca-Cola in India. The financial terms of the deal have not been disclosed. Following the announcement, shares of Jubilant FoodWorks, the parent company of the Jubilant Bhartia Group, fell by up to 4.1% on the National Stock Exchange (NSE). Additionally, Coca-Cola has divested its bottling operations in Jharkhand to Moon Beverages Pvt Ltd, a franchise partner. In a related clarification, Jubilant FoodWorks stated that it is not involved in the transaction between the Jubilant Bhartia Group and Coca-Cola.
