LG eyes $15 billion listing valuation for Indian arm
The New Indian Express Vellore|December 17, 2024
Post-public offer, promoter's shareholding will come down by 15%
ENS ECONOMIC BUREAU @ New Delhi
LG eyes $15 billion listing valuation for Indian arm

SOUTH KOREA'S LG South Korea's LG Electronics is reportedly planning to list its Indian subsidiary - LG Electronics India Ltd - on the domestic bourses at a hefty valuation of up to $15 billion. The company, which is planning to launch a mega IPO in the first quarter of the calendar year 2025, was earlier targeting a valuation of $13 billion.

Both valuations are higher than LG's market capitalization on the South Korean exchanges. LG's shares have fallen about 13% this year in Seoul and the company commands a market value of $10 billion.

هذه القصة مأخوذة من طبعة December 17, 2024 من The New Indian Express Vellore.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 17, 2024 من The New Indian Express Vellore.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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