Jubilant Bhartia Group reached an agreement to acquire 40% stake in Hindustan Coca-Cola Beverages Private Limited from The Coca-Cola Company (NYSE:KO).
The transaction is subject to approval by regulatory board / committee.
Rothschild & Co US Inc. acted as financial advisor for The Coca-Cola Company. Morgan Stanley India Company Private Limited acted as exclusive financial advisor for Jubilant Bhartia Group and Shardul Amarchand Mangaldas & Co acted as legal advisor for Jubilant Bhartia Group. Cyril Amarchand Mangaldas led by Navin Kumar, Pranav Sharma, Meeta Kurpad, Vijay Pratap Singh Chauhan, Gokul Rajan, SR Patnaik, Swati Sharma, Abe Abraham, Sindhushri Badarinath and Ashish Jain acted as legal advisor to The Coca-Cola Company.