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INDIA: Coca-Cola makes further request for waiver

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For the second time, Coca-Cola India has petitioned the Indian government inward investment watchdog, the Foreign Investment Promotion Board (FIPB), to waive a clause in its 1997 investment approval requiring the company to sell 49% of its equity to Indian shareholders. The FIPB rejected a similar application from Coca-Cola last October. The deadline for the disinvestment is July 17.

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