Carlsberg Reportedly Commences $700 Million IPO for India Unit
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Carlsberg India Eyes $700 Million IPO, Draft Prospectus Expected by May
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Moneycontrol•23-02-2026, 20:29
Carlsberg India Eyes $700 Million IPO, Draft Prospectus Expected by May
•Carlsberg A/S is initiating a $700 million IPO process for its India unit, appointing three banks as advisors.
•Kotak Mahindra Capital Co., JPMorgan Chase & Co., and Citigroup Inc. have been selected as advisors for the proposed share sale.
•A draft red herring prospectus (DRHP) for the IPO could be filed as early as May, with the offering potentially taking place later this year.
•The IPO is expected to involve a secondary share sale by the parent company, with details still being finalized.
•Carlsberg India, the country's second-largest brewer, aims to capitalize on higher local valuations, following other multinationals like Hyundai and LG.
