Pernod Ricard hires four banks for possible India IPO raising over $1 billion
Pernod Ricard has hired at least four investment banks to explore a possible IPO of its India business, which could raise more than $1 billion and value the unit. The move would underscore that India has become the company’s second-largest sales market, with Pernod Ricard India posting ₹274.45 billion in fiscal 2025 sales. No final decision has been made.