Danish brewing giant Carlsberg files IPO papers for India unit

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AI summary

Danish brewing giant Carlsberg has confidentially filed draft IPO papers with SEBI for its Indian business, joining a growing list of multinationals tapping Indian equity markets. The move follows similar listings by Hyundai Motor and LG Electronics, and aligns with CEO Jacob Aarup-Andersen's February statement on unlocking shareholder value. Carlsberg operates popular beer brands in India including Tuborg, Carlsberg Elephant, and Kronenbourg 1664 Blanc.