Coca-Cola Sounds Out Banks for India Bottling IPO

Coca-Cola is seeking pitches from investment banks for roles on the planned initial public offering of its Indian bottling unit, Hindustan Coca-Cola Beverages, Bloomberg News reported, citing people familiar with the matter. The company is set to hear presentations in London next week, where Rothschild & Co., its adviser on the transaction, will meet potential banking partners, the report said. Coca-Cola is targeting a valuation of about $10 billion for the bottling business, The report added that the offering's timing, size, valuation, and structure are still under consideration and could change. Coca-Cola did not immediately reply to ' request for comment.