Coca-Cola has invited investment banks to pitch for roles in the planned IPO of its Indian bottling arm, Hindustan Coca-Cola Beverages, in a deal that could raise around $1 billion. Presentations are set to take place in London next week, with Rothschild & Co., the company's adviser, meeting prospective banks as preparations for the proposed listing gather pace.

Coca-Cola has invited investment banks to pitch for roles in the planned IPO of its Indian bottling arm, Hindustan Coca-Cola Beverages, in a deal that could raise around $1…

Coca-Cola is preparing for a $1 billion initial public offering of its Indian bottling unit, Hindustan Coca-Cola Beverages Pvt., and has invited banks to pitch for roles.