Carlsberg said to file for India IPO to raise $700 million

Carlsberg is filing for an India IPO to raise around $700 million through a secondary share sale by the Danish brewer, expected later this year. The company is working with Kotak Mahindra Capital, JPMorgan, and Citigroup on the offering. Carlsberg India is the country's second-largest brewer with about 22% market share, operating 14 breweries across the country, and the listing adds to a record surge in India's IPO pipeline.