Danish brewing company Carlsberg has taken another step towards a possible Indian stock market listing by filing an updated draft red herring prospectus with the Securities and Exchange Board of India (SEBI). The proposed offering is part of the company’s plans to access India’s capital markets.
The updated filing indicates progress in the IPO preparation process, but it should not be treated as confirmation of an issue opening date or final price band. The size, timing and other offer details will depend on the subsequent regulatory and company disclosures.
