Carlsberg, Pernod Ricard & Coca-Cola prepare to tap capital markets through IPOs
Top executives from the three companies outlined progress on their respective listing plans
Beverage corporations Carlsberg, Pernod Ricard, and The Coca-Cola Company are advancing their strategies for potential Initial Public Offerings (IPOs) in India's capital market. Each company has progressed at different stages towards this goal. Carlsberg has filed an updated draft red herring prospectus with the Securities and Exchange Board of India (SEBI) and is engaging in follow-on activities such as arranging interactions with potential investors.
Pernod Ricard, which owns several renowned spirits brands, is also in the process of preparing a potential IPO of its Indian business, pending board approval. Coca-Cola, the world's largest beverage company, is exploring a potential IPO of its Indian bottling operations, subject to market conditions and regulatory approvals. These potential listings reflect the growing interest of multinational beverage companies in unlocking value from their Indian operations through public listings, although the proposed offerings are subject to various regulatory, corporate, and market-related considerations.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
