CCI approves Kandhari's Rs 2,000-cr deal for Coca-Cola's bottling unit

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CCI approves Kandhari's Rs 2,000-cr deal for Coca-Cola's bottling unit - Business Standard

Quick Summary:

Kandhari Global Beverages is an authorised bottler of the Coca-Cola Company (TCCC) and Schweppes Holdings, and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan.

Fair trade regulator CCI on Tuesday approved Kandhari Global Beverages' proposal to acquire beverage major Coca-Cola's bottling plant for Rs 2,000 crore.

The target business comprises Hindustan Coca-Cola Beverages Pvt Ltd's (HCCBPL) business of preparing, packaging, supplying and distributing NAB products in north Gujarat and Union Territory of Diu.