Hyundai Motor India Limited (HMIL) is planning to dilute about its 17.5 per cent stake through an initial public offering (IPO) in a bid to raise to $3 billion (around ₹25,000 crore), said people privy to the development on Friday.
India is the first market, besides South Korea, where any arm of the automaker is getting listed. If successful, its IPO proceeds will surpass Life Insurance Corporation's (LIC's) ₹20,557 crore share sale, setting a new Indian record.
This event would also be a significant milestone for the Indian automotive sector, as it shall be the first IPO by a car manufacturer since Maruti Suzuki's listing in 2003. HMIL, the second-largest carmaker in India after Maruti Suzuki, according to the sources, plans to sell approximately 140 million of its total 800 million shares. HMIL did not respond to Business Standard's request for a statement on this matter.
この記事は Business Standard の June 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の June 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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