Further details of the private placement which will see Coca-Cola divest a 49% stake in its wholly-owned Indian subsidiary, Hindustan Coca-Cola Beverages Pvt Ltd, have been announced.

A 39% stake in the company is being sold to private investors and bottlers while the remaining 10% will be offered to the company's employees in India. ICICI Securities and ABN Amro Corporate Finance are advising Coca-Cola on the sale.