CAM Advises Coca-Cola on 40 Per cent Stake Sale In Hindustan Coca-Cola Holdings

Cyril Amarchand Mangaldas (CAM) acted as the sole Indian legal advisor to The Coca-Cola Company (TCCC) and its group entities in the proposed sale of a 40 per cent stake in Hindustan Coca-Cola Holdings Private (HCHH) to the Jubilant Bhartia Group. HCHH is the parent company of Hindustan Coca-Cola Beverages, the largest Coca-Cola bottler in India.

CAM’s role in the transaction was comprehensive, covering the bid process, structuring, negotiation, and drafting of transaction documents. This stake sale marks a significant strategic shift for TCCC in India and a milestone transaction in the Indian beverages sector.

The deal involved a multi-disciplinary team from CAM providing legal advisory across various domains. The transaction leadership was spearheaded by Akila Agrawal, Senior Partner, and Mukul Sharma, Partner, who were supported by senior associates and associates handling execution-related deliverables. The diligence process was led by Navin Kumar, Partner, alongside a team of associates who examined critical aspects of the transaction.

Financing matters were addressed by Pranav Sharma, Partner, in collaboration with Meeta Kurpad, Partner, and Aditi Bagri, Director. Competition law advisory was provided by Vijay Pratap Singh Chauhan, Partner, with support from his team. Capital markets guidance came from Gokul Rajan, Partner, while taxation matters were handled by SR Patnaik, Partner, and his team. Intellectual property concerns were managed by Swati Sharma, Partner & Head – Intellectual Property, along with her associates. Employment law advice was offered by Abe Abraham, Partner, and Sindhushri Badarinath, Partner, supported by their team. Real estate matters were overseen by Ashish Jain, Partner, with assistance from associates.

This transaction represents a pivotal development for TCCC, allowing it to focus on its core strategic goals while leveraging local partnerships. The Jubilant Bhartia Group’s acquisition of the stake is expected to enhance operational efficiency and growth for Hindustan Coca-Cola Beverages.

The deal underscores CAM’s expertise in managing complex and high-stakes transactions involving global corporations, showcasing its ability to deliver comprehensive legal solutions across diverse areas.