Hindustan Coca Cola’s investment plans approved

April 18th, 2008 - 12:40 am ICT by admin  

New Delhi, April 17 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday gave its approval to Hindustan Coca Cola Holdings (HCCH) Private Ltd to invest Rs.2.05 billion ($52.4 million) in its subsidiary Hindustan Coca-Cola Beverages (HCCB) Pvt Ltd. 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).

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