Current Affairs - Business - Discussion

Jubilant Beverages Limited will acquire a 40% stake in Hindustan Coca-Cola Holdings (HCCH) as part of a strategic transaction approved by the Competition Commission of India (CCI). The deal also involves capital infusion into JBL through compulsorily convertible preference shares (CCPS) by Jubilant BevCo Ltd. and Goldman Sachs-backed investors. This acquisition strengthens the Jubilant Group’s presence in India's food and beverage sector and aligns with Coca-Cola’s operations in the country. The deal highlights significant foreign investment and collaboration in India's fast-growing beverage industry.