Hyundai Motor India plans a $2.5-$3 billion IPO for its Indian unit, targeting the largest IPO in India's history.
Hyundai Motor India plans an IPO to raise $2.5-$3 billion, targeting the largest IPO in India's history. The IPO, involving the sale of up to 17.5% stake in its Indian unit, aims to support the company's growth in India, a fast-growing major automotive market. Hyundai plans to invest approximately $3.75 billion in India over the past year, focusing on its EV business and utilizing the country as a key export hub.
June 14, 2024
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