Coca-Cola has to sell off up to 49% in its Indian susidiary, currently 100%-owned, to Indian investors. It currently has a month’s reprieve and therefore must sell off the shares by August 17.
INDIA: Coca-Cola linked with appeal to Prime Minister
The US soft drinks group is reported to have asked the Indian Prime Minister to intervene as it seeks to renew its appeal against the mandatory disinvestment stipulation related to its Indian subsidiary.
July 22, 2002