Chivas Regal Whisky, Absolut Vodka maker Pernod Ricard picks 4 bankers for over $1-bn India IPO-Moneycontrol.com
· Business · Moneycontrol
French spirits major Pernod Ricard has appointed four investment banks to manage its upcoming initial public offering in India. The company, which produces Chivas Regal whisky and Absolut vodka, is targeting a valuation that could exceed $1 billion. This move follows the firm's strategic decision to list its Indian subsidiary to tap into the growing domestic premium spirits market. The selection of bankers marks a formal step toward the IPO process, though the company has not yet disclosed the specific timeline for the filing. Pernod Ricard maintains a significant manufacturing and distribution presence across various Indian states.
Why it matters
The IPO represents one of the largest potential listings in the Indian spirits sector, providing a significant investment opportunity for domestic and international shareholders. It signals the company's long-term commitment to expanding its footprint in the world's largest whisky market.
Read the original report — Moneycontrol
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