New Delhi, July 2 -- Danish brewing giant Carlsberg has confidentially filed draft papers with markets regulator Sebi for an initial public offering (IPO) of its Indian business, people familiar with the development said on Thursday.

The confidential filing route allows companies to submit draft offer documents to Sebi for review without immediately making commercially sensitive information public.

With this move, Carlsberg joins a growing list of multinational companies looking to tap India's equity markets. South Korean conglomerates -- Hyundai Motor and LG Electronics -- have already listed their Indian subsidiaries to unlock shareholder value.

In February, Carlsberg Group CEO Jacob Aarup-Andersen had said the company was considerin...