Carlsberg India to file DRHP this month for $700M IPO via secondary sale
India's #2 brewer at 22% share will lodge draft papers shortly with Kotak, JPMorgan and Citi as bankers. The all-secondary $700M float follows Pernod Ricard's listing exploration and benchmarks against United Breweries' $3.6B cap. Carlsberg operates 14 breweries (8 owned, 6 contract) and is pushing for a 15-20% price hike.
Carlsberg plans to file DRHP this month for a $700 million India IPO via secondary share sale, with Kotak, JPMorgan and Citi as bankers. India's #2 brewer at 22% share follows Pernod Ricard in exploring India listings.
Also reported by
- Mint — Same time