Coca-Cola sells 40% stake of HCCBL to Jubilant Bhartia Group

American soft drink maker Coca-Cola sold 40 per cent of its stake in Hindustan Coca-Cola Beverages, the bottling arm of the company, reported the news agency PTI on Wednesday, December 11. 

Disclaimer: The promoters of HT Media Ltd, which publishes Mint, and Jubilant Bhartia Group are closely related. There are, however, no promoter cross-holdings.