TT&A advised: (i) Morgan Stanley India Company Private Limited and Standard Chartered Bank as arrangers on the issuance of listed NCDs by Jubilant Bevco Limited aggregating to INR 3,000 crores; and (ii) Morgan Stanley India Company Private Limited as arranger on the issuance of listed NCDs by Jubilant Beverages Limited aggregating to INR 2,650 crores. The issuers are members of the Jubilant Bhartia group, and the proceeds of the two issuances are intended to be used towards part financing the acquisition by the Jubilant Bhartia Group of a 40% stake in Hindustan Coca-Cola Holdings Pvt Ltd (the parent company of Hindustan Coca-Cola Beverages Pvt. Limited, which is Coca-Cola’s largest bottler in India).

This marquee acquisition financing transaction attracted significant interest from investors in the Indian bond market.

TT&A Team: Rahul Gulati – Partner; Sahil Kataria – Managing Associate; Aakash Puttige & Mihir Deshmukh – Senior Associates and Shrijaya Singh – Associate