16:32 - 23.02.2026

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February 23, Fineko/abc.az. Carlsberg has selected three banks and has begun preparations for a potential IPO of its Indian division, which is expected to raise up to $700 million.

ABC.AZ informs that Bloomberg writes about this, citing informed sources.

The company has reportedly selected Kotak Mahindra Capital Co. and local units of JPMorgan Chase & Co. and Citigroup Inc. as consultants for the proposed share sale. The preliminary prospectus of the issue may be submitted as early as May, the sources say.

The placement is expected to be a secondary sale of shares by the parent company and may take place later this year.

Details, including the size, structure and timing of the deal, are still being clarified and may change.