Coca-Cola's India bottling arm files IPO papers to raise ₹9,400 cr

Hindustan Coca-Cola Holdings, parent of Coca-Cola's Indian bottling arm Hindustan Coca-Cola Beverages, has filed its draft red herring prospectus (DRHP) with SEBI. The proposed IPO is expected to raise around $1 billion (₹9,405 crore), according to earlier reports, with the company reportedly targeting a $10-billion valuation. The IPO will entirely comprise an offer for sale.