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Coca-Cola India-owned bottling company Hindustan Coca-Cola Beverages (HCCB) is planning an initial public offering (IPO), betting on growth prospects in the country of 1.4 billion people, said executives aware of the development.
Hindustan Coca-Cola Beverages IPO: Coca-Cola s bottling operations in India are handled by HCCB and half a dozen franchisees that manufacture and distribute fizzy drinks Coke, Thums Up and Sprite, juices Minute Maid and Maaza, and Kinley water. Bottling is split evenly between HCCB and the franchisees.