The promoters of the Bhartia Jubilant group have started a process to sell minority shares in their listed companies to collect 2,000 RS to partially found the acquisition of a 40% share in Hindustan Coca-Cola drinks (HCCB), people are familiar with the subject.The proceeds of the sale of poles in food exubuctions, Jubilant Pharmova, joyful entrance and rejecting industries will be added to the 600 million dollars (RS 5,100 crores) that Goldman Sachs Asset Management has raised to finance the agreement. The group is also about to give in to not core activities through its food and pharmaceutical companies to raise funds, people said.
The agreement enhances the Coca-Cola local bottling arm at 31,250 RS, including debt.CCI NOD arrived in May
At this corporate value, participation will cost RS 12,500 crores. Morgan Stanley is notifying the promoters on the disinvestment of non -core activities and the sale of minority post office in the listed companies. The Jubilant Bhartia group did not reply to an e -mail looking for comments. According to the business structure, the exulting drinks will acquire HCCB actions from Coca-Cola entity, while another Jubilant group company drink and a consortium of investors led by funds managed by Goldman Sachs Asset Management will enroll in preferential actions convertible to jubilant drinks. The financing structure includes RS 5,650 debt cror, CCP and the rest through an equity infusion of Jubilant’s holding, Jubilant Bhartia Consumer Ltd.
The agreement, announced in December 2024, received the approval of the Commission for Competition of India on May 1st.The promoters have a participation of 41.9% in Mobilanti Foodworkswhich holds franchising rights in India exclusive for US restaurants Domino’s Pizza, Popeyes and Dunkin ‘Donuts and manages Hong’s Kitchen. Common funds of investment and foreign institutions hold 25.8% and 20.5% respectively, while the remainder is divided between retail institutions and other internal institutions, according to the company’s information. In Jubilant Pharmova (previously jubilant life sciences), which deals with radio on radio and the contractual research of drugs, the majority of 50.68% is detained by the promoter and the promoting groups, while in detail and other investors hold 25.06%. Foreign institutions hold 17.22% of the company and the remainder takes place between common funds and other internal institutions.
Giobilanta entrance also, the chemical company has a dominant participation of 51.5% with the promoters, with the rest divided between foreign and national institutions and the public.
In Jubilant Industries, the agri and polymers activity for the group’s performance, promoters have 74.78%, with retail investors who hold 24.89%. The Jubilant Bhartia group has already started the integration process with HCCB. While both companies will attract direct synergies in food and drinks, the food shell has decided to stop the expansion of its small businesses such as Dunkin ‘Donuts and Hong’s Kitchen to focus mainly on Domino’s pizza, which had a number of stores of 2,179 out of 475 End-March 31 cities.
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