Latest news with #HCCH
News18
22-07-2025
- Business
- News18
Jubilant Bhartia Group Acquires 40% Stake In Hindustan Coca-Cola Holdings
Jubilant Bhartia Group has completed the acquisition of a 40% equity stake in Hindustan Coca-Cola Holdings Private Limited Jubilant Coca Cola Deal: The Jubilant Bhartia Group has completed the acquisition of a 40 per cent equity stake in Hindustan Coca-Cola Holdings Private Limited (HCCH) for Rs 1,17,04,40,00,000 on Tuesday, marking a significant development in the Indian beverages and FMCG space. In a regulatory filing with the stock exchanges under Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed the closure of the deal. With this strategic investment, the Jubilant Bhartia Group becomes a key stakeholder in HCCH, which is the holding company of Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), the bottling and distribution arm of Coca-Cola in India. The move is expected to bolster the group's presence in the non-alcoholic beverages sector and open new avenues for growth and collaboration in the fast-moving beverage segment. Jubilant Bhartia X Hindustan Coca-Cola Beverages Jubilant Bhartia Group had announced in December that it had entered into a definitive agreement to acquire a 40 per cent equity interest in HCCH through Jubilant Beverages. The deal had received approval from the Competition Commission of India on May 1, 2025. In India, The Coca-Cola Co. bottles products such as Thums-Up, Sprite, Fanta, Limca and flagship brand Coca-Cola through subsidiary HCCB, as well as a set of independent bottling companies. Jubilant Bhartia Group has now acquired 40 per cent in Hindustan Coca-Cola Holdings, the parent of HCCB, through Jubilant Beverages Ltd. HCCB operates 13 factories, serving 236 districts across 12 states in India's south and west. HCCH is the parent company of HCCB, the largest Coca‐Cola bottler in India. The Jubilant Bhartia Group, which started out as a drugs and chemicals company, has since branched into contract research and development services, agricultural products, performance polymers, and food services. Jubilant FoodWorks Ltd is India's largest food services company, and holds exclusive rights to develop and operate Domino's Pizza in India, Sri Lanka, Bangladesh, and Nepal. view comments First Published: July 22, 2025, 22:24 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
13-06-2025
- Business
- News18
Block Trades Boost Jubilant Stocks: Ingrevia Soars 11%, FoodWorks Up 2.5%
Last Updated: Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals Jubilant Block Deal: Shares of Jubilant Group companies rallied on June 13 following large block deals, with market participants attributing the trades to promoter stake sales aimed at funding the group's upcoming acquisition of a strategic stake in Hindustan Coca-Cola Beverages (HCCB). Jubilant FoodWorks rose 2.5% on the NSE, while Jubilant Ingrevia surged over 11% as significant chunks of equity changed hands via block trades. According to exchange data, five block deals involving 1.06 crore shares — or 1.6% of Jubilant FoodWorks' equity — were executed. Meanwhile, six block trades in Jubilant Ingrevia saw 98.7 lakh shares (6.2% equity) change hands. In addition, Jubilant Pharmova witnessed a single block trade comprising 48 lakh shares, amounting to roughly 3% of its equity. The cumulative value of the block transactions across the three companies is estimated at Rs 1,896 crore, as per market sources. According to reports, the Bhartia family — promoters of the Jubilant Group — likely offloaded these stakes to partially fund their earlier-announced Rs 12,500 crore investment in Hindustan Coca-Cola Holdings (HCCH). In December, the group said it would acquire a 40% stake in HCCH via its subsidiary, Jubilant Beverages Ltd. HCCH is the parent company of HCCB, India's largest bottler for Coca-Cola. Jubilant FoodWorks operates the Domino's Pizza franchise across India, Nepal, Sri Lanka, and Bangladesh. It also manages Dunkin', Popeyes, and homegrown brands like Ekdum! and Hong's Kitchen. As of June 13, its market cap stood at around Rs 45,000 crore. Jubilant Pharmova, the group's pharma and life sciences arm, focuses on sterile injectables, contract research, allergy therapy, and radiopharmaceuticals. Its market capitalisation was Rs 17,760 crore. Jubilant Ingrevia operates in the life sciences and specialty chemicals segment, manufacturing products such as vitamin B3 and B4, pyridine derivatives, and ethanol. It also provides CDMO (contract development and manufacturing) services, with a market cap of nearly Rs 12,000 crore. First Published:
Ya Biladi
04-06-2025
- General
- Ya Biladi
Morocco hosts pivotal forum to boost African legal cooperation with new HCCH Office
The first Forum of Ambassadors of African States was held on Tuesday in Rabat as part of the preparations for the launch of the activities of the African Regional Office of the Hague Conference on Private International Law (HCCH) in Morocco. This event aims to strengthen legal capacities across the African continent. On this occasion, the Minister of Justice, Abdellatif Ouahbi, emphasized the importance of this office as a strategic lever to improve cross-border legal and judicial cooperation among African countries. He also noted that the establishment of this structure in Morocco demonstrates African leadership in the field of private international law and helps to enhance the convergence between national and foreign legal systems. The office aims to facilitate the accession of African states to the HCCH and to promote the adoption of the Hague legal instruments. Rachid Ouadifi, the representative of the office in Morocco, highlighted that the Kingdom's hosting of the office is a testament to the credibility and trust the country enjoys within the international community. The Secretary General of the HCCH, Christophe Bernasconi, expressed his belief that the Regional Office in Morocco will contribute to increasing the visibility of the Conference's work across the African continent. He also noted that this structure will encourage African states to adhere to international conventions in various legal fields. The event brought together ambassadors from African countries and some Arab countries, underscoring the importance of strengthening cross-border legal cooperation and supporting the integration of African countries into the HCCH system of conventions.
Ya Biladi
02-06-2025
- Politics
- Ya Biladi
The regional office of the HCCH for Africa to be established in Morocco
An agreement to establish the Regional Office of the Hague Conference on Private International Law (HCCH) for Africa in Morocco was signed on Monday in Rabat between the Moroccan government and the HCCH. The agreement was signed by Nasser Bourita, Morocco's Minister of Foreign Affairs, African Cooperation, and Moroccans Living Abroad, and Christophe Bernasconi, Secretary General of the HCCH. It marks a significant milestone in the cooperation between Morocco and the Hague Conference on Private International Law. This regional office will promote the HCCH's legal cooperation instruments, particularly in the areas of family law, child protection, transnational litigation, and the authentication of public documents, Bernasconi explained during a press briefing following the signing ceremony. The signing was attended by Rachid Ouadifi, Director of Civil Affairs and Legal and Judicial Professions at Morocco's Ministry of Justice, who serves as the central authority for the conventions and legal instruments under the HCCH. Morocco has been a member of the HCCH since 1993 and is a party to several of its conventions. Bernasconi commended Morocco's active commitment to implementing these instruments and highlighted the country's recognized expertise in this field. In March, Morocco was unanimously selected to host the HCCH's Africa Regional Office. The decision was made during the Council on General Affairs and Policy (CGAP) meetings held from March 4 to 7 at the Hague Academy's headquarters. The CGAP event brought together 452 delegates representing 75 HCCH member states, 44 non-member states, and around 20 intergovernmental and international non-governmental organizations—underscoring the strategic importance of Morocco's designation. Founded in 1893, the HCCH is the oldest intergovernmental organization based in The Hague. It works to unify private international law rules through the adoption of international conventions, having developed over 40 instruments to date with its 91 member states and the European Union.
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Business Standard
30-05-2025
- Business
- Business Standard
Jubilant Bhartia eyes ₹5,650 cr NCDs to fund 40% stake in Coca-Cola deal
The Jubilant Bhartia Group is gearing up to raise over ₹5,650 crore through non-convertible debentures (NCDs) issued by two group companies, to help finance its ₹12,650 crore acquisition of a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), Coca-Cola's largest bottling partner in India, according to a report by The Economic Times. Jubilant Beverages Ltd, a subsidiary of Jubilant Bhartia Group, plans to issue ₹2,650 crore in fully paid-up, unsecured, rupee-denominated, listed-rated, redeemable NCDs, the news report said. The offering will be split into ₹795 crore from anchor investors and ₹1,855 crore from a broader market tranche. Separately, Jubilant Bevco Ltd aims to raise ₹3,000 crore through a similar bond issuance, including ₹900 crore from anchor subscriptions and ₹2,100 crore from other investors. Zero-coupon structure and step-up clause Both NCD issuances are structured as zero-coupon instruments with tenures of two years, 11 months, and 27 days. They offer annualised implied yields of 9 per cent for Jubilant Beverages and 9.15 per cent for Jubilant Bevco. The bonds include a step-up clause: in the event of a credit rating downgrade, the internal rate of return will increase by 25 basis points. Instead of periodic coupon payments, investors will receive a redemption premium at maturity. Public issue opens on June 4 For Jubilant Beverages Ltd, six anchor investors — including HDFC Mutual Fund, Nippon India Mutual Fund, Franklin Templeton Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, and Nomura Fixed Income Securities Ltd — have committed ₹795 crore, The Economic Times report said. Financing the HCCH acquisition Proceeds from the NCDs will contribute to financing the group's acquisition of HCCH, which was announced in December 2024 and received Competition Commission of India approval on May 1 this year. Under the deal structure, Jubilant Beverages Ltd will acquire equity shares from Coca-Cola entities, while Jubilant Bevco and an investor consortium will subscribe to compulsorily convertible preference shares (CCPS) in Jubilant Beverages Ltd. The funding package comprises ₹5,650 crore of debt from the NCDs, CCPS from private capital providers, and an equity infusion from Jubilant Bhartia's holding company, JBCL. The deal values Hindustan Coca-Cola Beverages at an enterprise value of ₹31,250 crore. Dunkin' Donuts, Hong's Kitchen expansion stalled Meanwhile, Jubilant FoodWorks Ltd, which operates Domino's Pizza in India, has put expansion plans for Dunkin' Donuts and Chinese fast-casual brand Hong's Kitchen on hold to focus on its core brands amid the group's acquisition of HCCH. Jubilant FoodWorks Ltd has engaged EY to restructure and streamline the business and is also exploring the possibility of selling franchise rights for some of its smaller brands in India, the report said.
