Carlsberg Prepares 700 Million Dollar IPO for India Business

Carlsberg A/S is preparing to publicly file documents for an initial public offering of its Indian business, a move that could raise up to 700 million dollars. The Danish brewer, which manages the second-largest brewing operation in India, may file the documents as early as this week.

The company previously submitted draft IPO documents confidentially in July. The proposed offering is expected to consist entirely of a secondary share sale. Following the public filing, Carlsberg India is expected to begin investor roadshows next week, with a potential launch date scheduled as early as December.