SAM, HSF, and CAM Advised Jubilant Bhartia Group On $1Bln Acquisition of 40% Stake in Hindustan Coca-Cola

SAM, HSF, and CAM Advised Jubilant Bhartia Group on $1Bln Acquisition of 40% Stake in Hindustan Coca-Cola

Indian conglomerate Jubilant Bhartia Group has entered into an agreement with The Coca- Cola Company to acquire a 40% stake in Hindustan Coca-Cola Holdings, the parent company of Hindustan Coca-Cola Beverages. This landmark deal, valued at over $1 billion, marks a significant development in the Indian beverage industry.

Hindustan Coca-Cola Beverages is the largest Coca-Cola bottler in India and ranks as the 11th largest globally. Jubilant Bhartia Group, a diversified multinational enterprise, operates across industries including pharmaceuticals, food services, agribusiness, and energy.

Shardul Amarchand Mangaldas & Co. (SAM) and Herbert Smith Freehills advised Jubilant Bhartia Group on the transaction, while Cyril Amarchand Mangaldas (CAM) represented Coca-Cola.

The SAM Team was led by Partner Manish Gupta, supported by Partner Nikita Goyal, Principal Associate Rashi Singh, and Associate Ayush Singh. Additional assistance was provided by Partner Ashish Ahluwalia, Senior Associates Deepti Verma and Vivek Shekhar Tiwari, and Associates Shivangi K., Ananya Vajpeyi, and Adarsh Mishra. Partners Shilpa Mankar Ahluwalia and Anjana Potti also contributed.

Herbert Smith Freehills' Team was led by Corporate Partner Siddhartha Shukla, with Senior Associates Raj Mathew and Marcelo Valenca providing support.

The CAM Team advising Coca-Cola was led by Senior Partner Akila Agrawal and Partner Mukul Sharma, along with Principal Associate Rudraksh Durrani, Senior Associate Shreya Teewari, and Associate Yathansh Joshi. Partners Navin Kumar, Pranav Sharma, Meeta Kurpad, Vijay Pratap Singh Chauhan, Gokul Rajan, SR Patnaik, Swati Sharma, Abe Abraham, Sindhushri Badarinath, and Ashish Jain assisted on various aspects of the deal.