Carlsberg Plans Up to $700 Million IPO for Indian Unit with Bank Advisers

Danish brewer Carlsberg is preparing for a potential initial public offering (IPO) of its Indian unit, aiming to raise up to $700 million. The company has appointed Kotak Mahindra Capital, JPMorgan Chase, and Citigroup as advisers, with a draft prospectus possibly filed as early as May. The offering is expected to be a secondary share sale by the parent company and may occur later this year. This move aligns with other multinational firms listing Indian operations to leverage higher local valuations and a deep domestic investor base.