Pernod Ricard India IPO: Beverage company considering listing of India business, says report

The beverage company is holding talks with the potential advisers, and the deliberations are at an early stage, with no certainty that the firm will take the listing route, the report said.

Pernod Ricard India Pvt Ltd is a fully owned arm of Pernod Ricard SA. With more than 30 years of rich legacy and operations in India, the firm operates through its distillery in Maharashtra's Nashik, apart from 24 bottling units across the country.

Carlsberg considering listing of India business: Group CEO

This comes days after Danish brewing giant Carlsberg's Group CEO Jacob Aarup-Andersen said that the company is looking to list its India business to unlock shareholder value in the country.

"We are today confirming the intention to explore an IPO in India. And we have not made any final decisions yet on that," he said while replying to a query during the investor call.

The company is contemplating different options for increasing shareholder value, and that may potentially include an initial public offering of its business in India, he said.

However, he declined to divulge further details, saying, "It also unfortunately restricts me from a legal perspective in terms of what I can say and not say around that. But ... what I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing whether we can create shareholder value."

He said that the decision is 'purely driven' from a shareholder value perspective.

"And the assessment we are doing right now is whether it will create adequate shareholder value. Beyond that, we cannot comment more around a potential IPO. If we do make a decision to go ahead, of course, we can be more specific," he added.