Jubilant Promoters Mull Minority Stake Sale In Listed Firms To Fund CocaCola Bottler Deal

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Posted by AI on 2025-06-12 14:29:32 | Last Updated by AI on 2026-06-27 02:39:35

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The Bhartia family, promoters of the Jubilant Bhartia Group, is planning to sell small stakes in three of its listed companies as it needs to raise funds for its $1.4-billion acquisition of Coca-Cola's bottling operations in India.

The Group, owned by billionaire Bhartia family, intends to sell minority stakes in pharmaceutical firm Jubilant Pharma, generic drugs maker Jubilant IngreVita and beverage maker Jubilant FoodWorks, which operates the Domino's Pizza chain in India, through a block deal, reports moneycontrol.com.

The development comes after the Group recently signed a definitive agreement with The Coca-Cola Company and its bottling partner Hindustan Coca-Cola Beverages (HCCB) to acquire their bottling operations in certain cities across six states in India.

The deal will enable the Group to expand its beverages business further, leveraging the existing relationships and infrastructure of HCCB.

The acquisition is subject to regulatory approvals and is likely to close by March 31, 2023. The proceeds from the stake sale, which is likely to be in the range of 5-10 percent in each of the three companies, will be used to fund this acquisition.

This move comes after the Group, led by Jubilant Bhartia, ventured into the affordable healthcare business with the launch of Joy Clinics in April 2022.

The Joy Clinic chain aims to cater to the growing demand for a holistic healthcare offering in the country, providing a range of services from consultations to diagnostics and examinations.

With this move, the Group venturing into a new business segment, reinforcing its reputation as a diversified and dynamic corporate entity in the country.

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