The proceeds from the fund raise will help the company to partly finance the acquisition of stake in Hindustan Coca-Cola Holding (HCCH) by the company
Aimed at funding its Rs 12,650 crore acquisition of 40 per cent stake in Hindustan Coca-Cola Holdings (HCCH), Jubilant Bhatia Group is eyeing to raise over Rs 5,600 crore through non-convertible debentures (NCDs) across two groups, as per the media reports.
The reports noted that while Jubilant Beverages will issue Rs 2,650 crore in fully paid-up, rupee-denominated, unsecured, redeemable NCDs, Jubilant Bevco is raising Rs 3,000 crore, separately.
The proceeds from the fund raise will help the company to partly finance the acquisition of HCCH. The reports added that the deal was notified in December 2024. In May 2025, the Competition Commission of India (CCI) approved the deal.
As far as the deal breakup is concerned, the reports highlighted that while Jubilant Beverages will acquire equity shares from Coca-Cola entities, Jubilant Bevo and the investor consortium will subscribe to CCPS (compulsorily convertible preference shares) in Jubilant Beverages. The reports mentioned that the enterprise value of Hindustan Coca-Cola Beverages has been pegged at Rs 31,250 crore.
