Hyundai Motors India IPO

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Posted by vishal on 2024-10-08 06:05:27 |

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Hyundai Motors India IPO

Hyundai Motor India, a subsidiary of the South Korean automotive giant Hyundai Motor Company, is set to launch one of the largest initial public offerings (IPOs) in India's history. The company plans to raise approximately $3 billion through the offering, with the IPO subscription period scheduled from October 14 to 16. The price band for the IPO will be announced next week.

The IPO is expected to attract significant interest from both domestic and international investors. Hyundai Motor India aims to sell a 17.5% stake in its Indian operations, valuing the business at around $19 billion.

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