Danish brewer Carlsberg has confidentially filed draft papers for an initial public offering of its Indian unit that could raise as much as $700 million, Bloomberg News reported on Thursday, citing people familiar with the matter.
The listing is expected to involve a secondary share sale and could take place later this year, the report said.
Reuters could not immediately verify the report and Carlsberg did not respond to a request for comment.
Details of the IPO, including the size, structure and timing of the transaction, could still change, Bloomberg said.
The potential listing will add to an already busy year for India’s IPO market, where heavyweight offerings from Jio Platforms and the National Stock Exchange of India could test investor appetite.
Jio’s planned $3.8 billion offering could become India’s biggest-ever listing, while NSE’s long-awaited debut is also expected to rank among the largest.
Reuters
