Jubilant Beverages Limited agreed to acquire 40% stake in Hindustan Coca Cola Holdings Private Limited from The Coca-Cola Company (NYSE:KO) on December 11, 2024.

The transaction is subject to approval by regulatory board / committee. Morgan Stanley India Company Private Limited acted as financial advisor for Jubilant Beverages Limited. Shardul Amarchand Mangaldas & Co acted as legal advisor for Jubilant Beverages Limited.