LG India files for IPO, may raise ₹15K cr
Business Standard|December 07, 2024
South Korean parent to sell 15% stake
SHARLEEN D'SOUZA
LG India files for IPO, may raise ₹15K cr

The Indian subsidiary of South Korean major LG Electronics on Friday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise ₹15,000 crore through an initial public offering (IPO). This comes within two months of the Indian unit of South Korean automobile major Hyundai going for a ₹27,870 crore IPO—the largest in India.

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