Carlsberg plans IPO for Indian operations to tap growing beer market

Carlsberg A/S is planning a local initial public offering of its Indian business, people with knowledge of the matter said, as it seeks to tap the growing middle class’s increasing thirst for foreign beer.

The Danish brewer is interviewing potential arrangers for the share sale over the next few weeks, according to the people, who asked not to be identified because the information is private.

India’s beer market is expected to grow to $10.7 billion by 2020, up from $8.6 billion last year, according to Euromonitor International. Carlsberg ranks third in the country with a 13.7 per cent