French spirits giant Pernod Ricard says it has not decided on listing its Indian subsidiary, while weighing strategic options to enhance shareholder value. Pernod Ricard India is a major player in alcobev, and the company expects strong momentum in a market it calls its second-largest globally by value. Growth is supported by India’s premiumisation trend.
Pernod Ricard SA, known for Absolut vodka and Chivas Regal whisky, has started preparations for a potential initial public offering of its Indian business, according to people familiar with the matter. The company’s next steps and timing are not yet clear, but the move signals renewed appetite for valuing and funding growth in India’s spirits market.
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