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

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.

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

المزيد من القصص من THE NEW INDIAN EXPRESS مشاهدة الكل
The New Indian Express

Centre puts tungsten mining in TN on hold

THE Ministry of Mines on Tuesday requested the Tamil Nadu government to keep the process of issuing the Letter of Intent (LoI) to the preferred bidder, Hindustan Zinc Limited, for mining of tungsten in Nayakkarpatti Tungsten Block in Madurai on hold.

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2 mins  |
December 25, 2024
Allu Arjun grilled for three hours, seeks bail
The New Indian Express

Allu Arjun grilled for three hours, seeks bail

ACTOR Allu Arjun, accused in the Sandhya Theatre stampede case, was on Tuesday grilled for more than three hours by the police.

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1 min  |
December 25, 2024
Lokpal calls Sebi chief for oral hearing
The New Indian Express

Lokpal calls Sebi chief for oral hearing

TAKING cognizance of complaints of impropriety and conflict of interest filed by Trinamool Congress MP Mahua Moitra and two others, anti-corruption body Lokpal on Tuesday called Sebi chief Madhabi Puri Buch and the complainants for 'oral hearing' on January 28.

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1 min  |
December 25, 2024
BJP X'mas outreach hits Kerala wall
The New Indian Express

BJP X'mas outreach hits Kerala wall

A day after Prime Minister Narendra Modi participated in the Christmas celebration hosted by the Catholic Bishops' Conference of India (CBCI) in Delhi, a senior Orthodox Church Bishop in Kerala on Tuesday openly questioned the saffron party's outreach to the Christian community.

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1 min  |
December 25, 2024
Arif transferred to Bihar, Bhalla goes to Manipur
The New Indian Express

Arif transferred to Bihar, Bhalla goes to Manipur

Kerala governor shifted to NDA-ruled Bihar; former home secy gets to manage Manipur

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1 min  |
December 25, 2024
REVEL IN THE HOLIDAY SEASON
The New Indian Express

REVEL IN THE HOLIDAY SEASON

Head to Accord Hotels & Resorts, or Kaldan Samudhra Palace to celebrate the festive season with your family

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1 min  |
December 24, 2024
AN EXQUISITE BONFIRE 'BBQ NIGHTS'
The New Indian Express

AN EXQUISITE BONFIRE 'BBQ NIGHTS'

FIRE up your weekends; give into sizzling smoky flavours of the new BBQ Nights at Nectar.

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1 min  |
December 24, 2024
The New Indian Express

Celebration of cultures

As the holiday season envelops Chennai, the city transforms into a vibrant festive haven, blending its rich cultural heritage with the universal cheer of Christmas.

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2 mins  |
December 24, 2024
Festive season's unveiling at Savera Hotel
The New Indian Express

Festive season's unveiling at Savera Hotel

SAVERA Hotel's festive season celebrations begin with a delightful journey of artisanal creations, festive menus, and holiday cheer, crafted by our culinary experts.

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1 min  |
December 24, 2024
The New Indian Express

'New election rule amendment gravest threat to democracy'

CHIEF MINISTER MK Stalin on Monday alleged that democracy is facing its gravest threat under the BJP-led union government as it has made a reckless amendment to Section 93(2)(a) of the Conduct of Election Rules of 1961 to \"kill transparency\" and appealed to all political parties to counter the \"assault on free and fair\" elections.

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1 min  |
December 24, 2024