Hyundai India may launch Rs 25,000-crore IPO on October 14

Hyundai Motor India plans to launch a Rs 25,000-crore IPO on Oct 14, marking India's largest share sale since LIC's in 2022. The IPO, comprising entirely of an Offer-for-Sale (OFS) of shares by promoter Hyundai Motor Company, aims to raise $3 billion. This is the first automotive IPO in India since Maruti Suzuki's 2003 listing.

Oct 4, 2024 - 00:30

Hyundai India may launch Rs 25,000-crore IPO on October 14

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Hyundai Motor India plans to launch a Rs 25,000-crore IPO on Oct 14, marking India's largest share sale since LIC's in 2022. The IPO, comprising entirely of an Offer-for-Sale (OFS) of shares by promoter Hyundai Motor Company, aims to raise $3 billion. This is the first automotive IPO in India since Maruti Suzuki's 2003 listing.