Cobra beer has appointed investment bank Rothschild to find an investor.
Entrepreneur Lord Karan Bilimoria, who set up the company 18 years ago, is looking for around £200million ($296.8 million).
A statement from the company said: "Cobra beer is looking at a strategic partnership or a sale in order to achieve the full potential of the business.”
Earlier this year, drinks giant Diageo turned down a minority stake.
Accoring to Reuters, Cobra had retail sales of £177.6 million in its last financial year with the beer brand growing sales by 28 percent, but the group has yet to make a profit.
Rothschild is expected to contact potential buyers including Anheuser-Busch InBev, Heineken and Molson Coors.
Cobra was originally brewed to be less gassy – in order to accompany Indian food. It has a presence in UK Indian takeaways and pubs and is growing in popularity in India.