Coca-Cola eyes $1 billion IPO for Indian bottling unit

Coca-Cola has invited investment banks to pitch for roles in the planned IPO of its Indian bottling arm, Hindustan Coca-Cola Beverages, in a deal that could raise around USD 1 billion. Presentations are scheduled in London next week, with Rothschild and Co., the company's adviser, meeting prospective banks as preparations for the proposed listing gather pace.