(Feb 23): Carlsberg A/S has appointed three banks and begun preparations for a potential listing of its India unit that could raise as much as US$700 million (RM2.73 billion), according to people familiar with the matter. The offering is expected to consist of a secondary share sale by the parent company and could take place later this year, the people said. Hyundai Motor trades at 11 times estimated earnings for this year, compared with about 32 times for its Indian unit, according to data compiled by Bloomberg. Carlsberg India is the country’s second-largest brewer with about a 22% share of the beer market, according to a company presentation. The unit posted revenue of about 90 billion rupees (RM3.87 billion) for the fiscal year ended March 2025, according to data provider Tracxn.

Source: The Edge Markets February 23, 2026 11:14 UTC