Coca-Cola Bottling Holding Company Submits Share Sale Prospectus Arabian Post
The draft red herring prospectus, dated 6 November, was submitted to the Securities and Exchange Board of India. The proposed initial public offering comprises entirely existing shares offered by promoter Hindustan Coca-Cola Overseas Holdings Pte Ltd, rather than newly issued equity.
The maximum sale covers 997,461,456 shares with a face value of Rs 10 each. Because the transaction is structured as an offer for sale, Hindustan Coca-Cola Holdings will receive none of the proceeds. The money raised, after applicable expenses, will accrue to the selling shareholder.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment