Why is Hyundai Motor looking to list in India?
Kim: This is one of the most fundamental questions and very crucial to us. India is one of the most exciting automobile markets in the world and Hyundai Motor India has been successful for 26 years, and currently we are the second-largest passenger vehicle maker in India. Therefore, we feel it is the right time to further "Indianise" our operations here and become a "home-brand" in India.
Our IPO will ensure that HMIL is even more dedicated to succeed in India. Also, we continue to pursue global standards in terms of governance. The IPO will provide a good opportunity for local and global investors to take part in our growth story.
When did the idea of doing an India IPO come?
Kim: Globally, Hyundai Motor Group (HMG) is the third-largest, and Hyundai Motor Corporation (HMC) has great business capabilities worldwide - R&D capability, brand power, and best practices. HMC's vision is to transport humanity and under that vision we started our operations in India in 1998. It is the right time now to go for an IPO.
What is the investor feedback on your valuation?
Denne historien er fra October 10, 2024-utgaven av Business Standard.
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Denne historien er fra October 10, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Loser takes all
This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.
J&K HC asks Army to pay 46 years' rent to landowner
The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.
India, UK navies to develop electric propulsion for next-gen warships
The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.
India backs Iskcon, tells Bangladesh to protect minorities
New Delhi hopes arrested monk will get fair trial
HAVING A BALL
Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?
Link UPI app to bank account with limited funds, set daily limits
Indians have lost ₹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.
Arpu gains, lower capex augur well for Airtel
Brokerages positive on stock; earnings flows may rise over next 24 mths
NIFTY LOGS BACK-TO-BACK MONTHLY LOSS
Benchmark Nifty 50 index shed 0.3 per cent in November, logging its first back-to-back monthly loss since February 2023.
Lock-up on ₹1.2 trn pre-IPO shares to lift in two months
Lock-up on shares worth nearly ₹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.
Margin moderation may cap upsides for Colgate
After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.
