Carlsberg readies $700M India IPO filing for second-largest brewer
Carlsberg India plans to file draft papers this month for a secondary share sale up to Rs 6,650 crore ($700M), led by Kotak, JPMorgan and Citi. The unit holds 22% market share across 14 breweries (8 owned, 6 contract), trailing only United Breweries, whose stock is down 36%.
Carlsberg is preparing to file draft IPO papers for its India unit this month, targeting up to $700 million via a secondary share sale. Carlsberg India, the country's second-largest brewer with 22% share, operates 14 breweries.