The Economic Times

Tuborg maker Carlsberg India moves closer to IPO, files updated DRHP for complete OFS issue

Carlsberg India has filed an updated draft prospectus with Sebi for an IPO comprising 8.64 crore shares, entirely through an offer for sale by existing shareholders. The Tuborg maker could raise up to $700 million, according to earlier reports, as multinational companies increasingly tap Indias equity markets to monetise local businesses.