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Coca-Cola's Indian bottling parent files IPO papers; Thums Up and Maaza maker's revenue up 20%

Hindustan Coca-Cola Holdings has filed draft papers with SEBI for a share sale of up to about 99.7 crore shares. Coca-Cola's stake would fall from 60% to roughly 45%.

Coca-Cola's Indian bottling parent files IPO papers; Thums Up and Maaza maker's revenue up 20%
Coca-Cola bottles / via Storyboard18

Hindustan Coca-Cola Holdings Ltd (HCCH), the parent of Coca-Cola's India bottling business, filed its draft red herring prospectus with SEBI on 6 November. The issue is entirely an offer for sale of up to 99,74,61,456 shares by Hindustan Coca-Cola Overseas Holdings, so the company itself gets no money from it. Price and rupee size are not out yet, and the shares are meant to list on BSE and NSE.

Seven banks are managing the deal, including Kotak Mahindra Capital, Citigroup, JP Morgan, Morgan Stanley, Axis Capital, Goldman Sachs and IIFL.

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DeepMind's AI agents find two weaknesses in legacy 1024-bit RSA

Google DeepMind announced on 6 November that human-guided AI agents helped find two weaknesses in legacy 1024-bit RSA. The first targets signatures made over short fingerprints and is estimated to be about 1,600 times more efficient at forgery. The second lowers the marginal cost of each extra key in a large batch factoring attack by about 30 times.

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