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Hindustan Coca Cola's investment plans approved
Friday, 18 April 2008, 16:52 IST
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) Thursday gave its approval to Hindustan Coca Cola Holdings (HCCH) Private to invest 
2.05 billion ($52.4 million) in its subsidiary Hindustan Coca-Cola Beverages (HCCB).
The investment would be made to fund capital expenditure in the subsidiary.
A government spokesperson told reporters that the approval would be subject to compliance with the pricing guidelines of the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).
Source: IANS
2.05 billion ($52.4 million) in its subsidiary Hindustan Coca-Cola Beverages (HCCB).
The investment would be made to fund capital expenditure in the subsidiary.
A government spokesperson told reporters that the approval would be subject to compliance with the pricing guidelines of the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).
Source: IANS