Coca-Cola sells HCCBL stake to Jubilant

Coca-Cola has sold a 40% stake in its bottling arm, Hindustan Coca-Cola Beverages Limited (HCCBL), to Jubilant Bhartia Group. This move comes as part of Coca-Cola's strategy to focus on its core operations while strengthening its relationship with the Jubilant Bhartia Group. The deal highlights major changes within the company's business structure and reflects shifting market dynamics.