Carlsberg gears up to file for $700 million India IPO

Carlsberg A/S is preparing to file draft papers for an IPO of its India unit as early as this month, sources said. The listing could raise up to $700 million (around Rs 6,650 crore) and is expected to be a secondary share sale by the Danish brewer. Kotak, JPMorgan and Citigroup are advising on the transaction, which may launch later this year.