Coca-Cola invites bank pitches for India bottling unit IPO: Report

Coca-Cola has invited investment banks to pitch for the proposed initial public offering of its India bottling business, CNBC-TV18 reported. The formal presentations are scheduled for August 9 and 10 in London. The company is seeking a valuation of about $10 billion for the bottling business and aims to raise around $1 billion through the IPO.