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LG Electronics India gets SEBI approval for ₹15,000 crore IPO, its parent selling a 15% stake.
LG Electronics India received approval from SEBI for its ₹15,000 crore IPO.
This marks the second South Korean company to enter the Indian stock market after Hyundai Motors India.
The IPO is a 100% offer for sale, with LG Electronics Inc. selling a 15% stake.
Proceeds will go to the South Korean parent, not the Indian subsidiary.
LG Electronics India is a leading player in home appliances and consumer electronics in India.
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LG Electronics India obtiene la aprobación de SEBI para $15,000 crore IPO, su padre vendiendo una participación del 15%.