Dabur India falls on report Burmans pull out of race to buy stake in Coca-Cola bottler

Jubilant FoodWorks

25/09/2024 06:25

** Shares of consumer goods maker Dabur India  DABU.NS  fall
4.5% to 626 rupees 
    ** DABU's large shareholders, the Burmans, withdraw from
race to buy 40% stake in Coca-Cola  KO.N  India's bottling arm,
daily Financial Express reports  
    ** Hindustan Coca-Cola Beverages (HCCB) only in talks with
the Bhartias, large shareholders of Jubilant Foodworks  JUBI.NS 
- report says citing sources 
    ** If Burmans had stayed in race, DABU could have used
HCCB's facilities to produce its 'Real' brand of juices - report
    ** DABU, JUBI and HCCB did not immediately respond to
Reuters' requests for comment 
    ** JUBI, which is a franchisee of Domino's Pizza  DPZ.N  in
India, dips 0.4% on the day 
    ** YTD DABU has gained 12.1%; JUBI has climbed 25% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com))