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