Pernod Ricard Starts IPO Process for Indian Business
Pernod Ricard has begun preparing for an IPO of its Indian business. The distiller is working with Goldman Sachs and legal experts to advance the process.
The spirits manufacturer based in France, Pernod Ricard, has reportedly initiated the process for an initial public offering (IPO) of its business operations in India. According to sources familiar with the matter cited by Bloomberg News, the distiller is exploring a listing for its local subsidiary, Pernod Ricard India Pvt Ltd.
The company, known for producing prominent brands such as Absolut vodka, is said to be working closely with financial and legal advisors to prepare for the market debut. Reports indicate that Goldman Sachs and the legal firm Cyril Amarchand Mangaldas are involved in the preliminary stages of the preparation.
While the internal preparations have reportedly begun, the specific timeline and valuation for the potential IPO remain undisclosed. Pernod Ricard has not officially confirmed the reports, and Reuters was unable to independently verify the details at the time of publication.
