Coca-Cola Said to Mull $1 Billion IPO of Indian Bottling Unit

Coca-Cola Co. is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, according to people familiar with the matter.

The company has met with bankers in recent weeks to discuss the possible initial public offering of Hindustan Coca-Cola Beverages Pvt., which would value the unit at about $10 billion, according to the people, who asked not to be identified discussing a private matter. It’s still early in the process and the company hasn’t hired bankers for the deal yet, according to the people.

The deal would probably occur next year if it goes ...