Hyundai Motors Files Draft IPO Papers

Article by Shanaz Published on: 6:29 pm, 14 June 2024

Hyundai Motors India Limited, the Indian arm of South Korean automaker Hyundai, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) today. The IPO aims to raise $3 billion, valuing the company at $20 billion. The offer involves the sale of 140 to 150 million shares, making it the largest IPO in India’s stock market history if successfull.

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