Hyundai Motor’s India unit has applied for regulatory approval for a stock market listing in Mumbai, potentially the nation’s largest IPO. The South Korean parent plans to sell up to 17.5% of its stake.
Hyundai India’s Landmark IPO: First Car Maker Listing in Two Decades
Hyundai’s India unit seeks to go public, marking the first car maker IPO in India since Maruti Suzuki in 2003. The IPO, valued between $2.5 to $3 billion, comes as Indian markets hit record highs.
Hyundai Files for IPO in Mumbai, Aiming to Raise $3 Billion
Hyundai Motor India has filed for a stock market listing in Mumbai, with the South Korean parent selling up to 17.5% of its stake. The IPO could raise up to $3 billion, valuing the company at $30 billion.
Hyundai’s India Unit Plans IPO as Market Hits Record Highs
Hyundai Motor India seeks to list on the Mumbai stock exchange, aiming to raise up to $3 billion. This will be India’s largest IPO in recent history, with the parent company selling part of its stake.
Hyundai to Launch Major IPO in India, Boosting Competitive Edge
Hyundai Motor India plans to go public, enhancing its market position against rivals like Maruti Suzuki and Tata Motors. The IPO will involve an “offer for sale” route by its South Korean parent.
Hyundai Targets Premium Market and EV Expansion with IPO Proceeds
Hyundai India files for IPO, focusing on selling premium cars and increasing its EV market share. The listing will also help the company build more charging stations and expand exports.
Hyundai India Prepares for IPO to Strengthen Market Position
Hyundai Motor India seeks regulatory approval for an IPO, aiming to raise up to $3 billion. The move will enhance its brand visibility and liquidity, making future fundraising easier.
Share this content:
