Jubilant Bhartia Group said on Wednesday it will buy a 40% stake in Coca-Cola's largest bottler in India, as the Indian conglomerate plans to foray into the country's "high growth" beverage sector. The group,

Jubilant Bhartia Group—controlled by billionaire brothers Shyam and Hari Bhartia—has agreed to buy a 40% stake in Coca-Cola’s Indian bottler, marking the company’s expansion into the beverage industry.

While the financial details were not officially disclosed, media reports peg the deal's valuation at around INR 10,000 crore.

The acquisition is expected to intensify competition for players like Varun Beverages Ltd., Coca-Cola’s primary bottling partner in India.

Coca-Cola has sold a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH) to Jubilant Bhartia Group. HCCH is the parent company of Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL), the largest Coke bottler in India.

The Jubilant Bhartia Group, the promoters of Jubilant FoodWorks, has struck a deal to acquire a 40 per cent stake in Hindustan Coca-Cola Beverages (HCCB), the Indian bottling arm of the US beverage giant The Coca-Cola Company.

The Coca-Cola Company has announced that Jubilant Bhartia Group is set to acquire a 40% stake in Hindustan Coca‑Cola Holdings Pvt. Ltd.

The Jubilant Group's Bhartia family is investing Rs 5,000 crore and the remaining amount is being financed by Goldman Sachs, which has pledged to fund a special purpose vehicle for the deal

Coca-Cola Co. sold 40 per cent of its stake in Hindustan Coca-Cola Holdings Pvt Ltd to Jubilant Bhartia Group, reported PTI.

The Coca‑Cola Company has reached an agreement with the Jubilant Bhartia Group to acquire a 40% stake in Hindustan Coca‑Cola Holdings Pvt. Ltd.

Hindustan Coca-Cola Beverages CEO Juan Pablo Rodriguez said, "This strategic investment represents an important milestone in our journey.