Hindustan Coca-Cola Holdings files draft red herring prospectus with SEBI for IPO of up to 997.5 million shares

Hindustan Coca-Cola Holdings, backed by The Coca-Cola Company, has filed a draft red herring prospectus with SEBI for an IPO structured entirely as an offer for sale of up to 997.5 million shares by majority shareholder Hindustan Coca-Cola Overseas Holdings. The listing is expected to cut the majority shareholder's stake from 60% to about 45%.

Detected & updated continuously · Source: Nebula