Business · Companies · 17 hrs ago
Carlsberg, Pernod Ricard and Coca-Cola advance India IPO plans
Carlsberg, Pernod Ricard and Coca-Cola are advancing possible listings of their Indian businesses.
Carlsberg is furthest along: it filed an updated draft prospectus with India’s market regulator on October 28 and is arranging meetings with potential investors.
Pernod Ricard is preparing for an IPO but still needs board approval before deciding whether to proceed.
Coca-Cola is exploring a listing of its Indian bottling operations, which are held through Hindustan Coca-Cola Holdings.
None of the three companies has confirmed a completed IPO or given a listing date.
Public listings could help the companies raise money from India’s capital market and unlock value from their local operations.
The companies say they will provide further details or make a decision as their preparations progress.
Carlsberg, Pernod Ricard and Coca-Cola are advancing potential listings of their Indian businesses, but each is at a different stage.
Carlsberg has filed an updated draft prospectus with India’s securities regulator and is arranging meetings with potential investors.
Pernod Ricard is continuing IPO preparations while the proposal awaits board approval.
Coca-Cola is exploring a potential IPO of its Indian bottling operations.
The proposed listings remain subject to regulatory, corporate and market-related considerations.
- Who
- Carlsberg, Pernod Ricard and The Coca-Cola Company.
- What
- They are advancing plans for potential listings of their Indian businesses, at different stages.
- When
- The companies discussed their plans during their latest earnings calls. Carlsberg filed an updated draft prospectus on October 28.
- Where
- India.
- Why
- The companies are considering public listings to unlock value from their Indian operations and tap domestic capital markets.
This story does not have two clearly opposing sides.
Coca-Cola announced that initial preparations were under way for a potential IPO of its Indian bottling operations.
Carlsberg filed an updated draft red herring prospectus with SEBI.
Pernod Ricard reported 19 per cent sales growth in India.
Executives from the three companies outlined progress on their potential IPO plans during their latest earnings calls, as reported by the outlets.
- Companies
- Carlsberg, Pernod Ricard and The Coca-Cola Company
- Carlsberg filing
- Updated draft red herring prospectus filed with SEBI on October 28
- Pernod Ricard sales
- 19 per cent growth in India in the September quarter
- Coca-Cola bottling operations
- Potential IPO being explored through Hindustan Coca-Cola Holdings
- Pernod Ricard approval
- Potential IPO remains subject to board approval
3 sources
What people are saying
As it is customary in such a process, we are now engaging follow-on activities, including setting up interactions with potential investors
the decision to proceed to an IPO remains subject to board approval
As previously announced, we are exploring a potential IPO of our bottling operations in India and will provide further updates as appropriate
... the IPO is progressing. Ulrika Fearn also mentioned that we are now calling meetings with potential investors.