Carlsberg India Ltd. has filed an updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India for its proposed initial public offering. The proposed issue comprises an offer for sale of up to 8.64 crore equity shares by its existing shareholder, South Asian Breweries Pvt. Ltd.
The proposed offering does not include a fresh issue, meaning the proceeds from the sale will go to the selling shareholder rather than the company. The filing follows SEBI’s observations on the company’s earlier draft documents. The issue price, subscription dates and final offer size will be determined through subsequent disclosures.
