Carlsberg Eyes $700 Million India IPO, Taps JPMorgan, Citi, Kotak

• Carlsberg A/S has initiated preparations for a potential $700 million IPO of its India unit.
• Kotak Mahindra Capital Co., JPMorgan Chase & Co., and Citigroup Inc. have been appointed as advisers.
• A draft red herring prospectus could be filed as early as May, with a secondary share sale by the parent company expected.
• The move aligns with a trend of multinational companies listing Indian operations to leverage higher local valuations.
• Carlsberg India is the country's second-largest brewer, holding about a 22% market share.