INDIA: Coke set to meet divestment deadline
Having opted for a private placement of shares rather than a public offering, the company is currently finalising the sale of the 49% to to bottlers and financial institutions. It expects to meet the deadline of August 17 set by the government.
The company's requests for a waiver or postponement of the mandatory divestment were rejected by the Indian Commerce and Industry Ministry which gave the company a month to August 17 to comply with the requirements.
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