Hyundai Motor India received SEBI approval for a $3bn IPO, the first auto IPO in India in 20 years.
Hyundai Motor India has received approval from SEBI for a $3 billion initial public offering (IPO), making it the first automaker to go public in India in 20 years. The IPO, expected to launch in October, aims to dilute about 17% of equity and will enhance the company's visibility and liquidity. Hyundai, which has invested $5 billion in India, plans to further invest $4 billion over the next decade, focusing on expanding its SUV lineup and launching an electric vehicle.
September 24, 2024
26 Articles