The Competition Commission of India has approved the proposed acquisition of the Target Business by Kandhari Global Beverages Private Limited .

Kandhari Global Beverages Private Limited (Acquirer) is an authorized bottler of The Coca-Cola Company (TCCC) and Schweppes Holdings Limited (SHL), and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan.

The Target Business comprise of Hindustan Coca-Cola Beverages Private Limited’s business of preparing, packaging, supplying and distributing NAB products in North Gujarat and Union Territory of Diu (Target Business).

The proposed combination relates to acquisition of the Target Business by the Acquirer (Proposed Combination).

Detailed order of the Commission will follow.

Merger approval for acquisition of regional non alcoholic beverage business enables consolidation of bottling and distribution operations. Clearance was granted for the proposed acquisition by Kandhari Global Beverages Private Limited of Hindustan Coca Cola Beverages Private Limited's business of preparing, packaging, supplying and distributing non alcoholic beverage products in North Gujarat and the Union Territory of Diu, constituting a proposed combination and consolidating bottling and distribution activities; a detailed Commission order will follow.