French drinks maker Pernod Ricard considers listing India business, Bloomberg News reports

French drinks giant Pernod Ricard is reportedly contemplating listing its India business, according to Bloomberg News. This potential move comes as the company seeks to capitalize on the burgeoning market in India, where demand for premium spirits is on the rise. The decision is still under consideration, and Pernod Ricard has not yet made any official announcements regarding the listing. Despite facing regulatory scrutiny in some markets, Pernod Ricard maintains that it has not engaged in any wrongdoing. The company continues to perform robustly, with its shares climbing nearly 12% in Paris this year. This positive performance has boosted its market valuation to approximately $24.4 billion, reflecting investor confidence in the company's strategic direction and growth prospects. A listing in India could further enhance Pernod Ricard's visibility and market reach in one of the world's fastest-growing economies. The move would not only strengthen its foothold in the Indian market but also potentially unlock new opportunities for expansion and investment. As the company explores this option, industry watchers will be keen to see how this strategic decision unfolds in the coming months.

— Authored by Next24 Live