2024-10-06 02:12:02
New Delhi: South Korean auto company Hyundai’s Rs 25,000 crore IPO of Hyundai Motor India may come on October 14. People associated with the case gave this information on Thursday. This will be India’s largest IPO. Currently, LIC’s share sale worth Rs 21,000 crore is considered the biggest IPO. Hyundai had applied for IPO approval to SEBI in June. If this IPO is successful, it will be the first IPO of an auto company in India in more than two decades. Earlier, the country’s largest car manufacturer Maruti Suzuki had launched an IPO in the year 2003. This issue of Hyundai will be a complete offer for sale. In this, promoter company Hyundai Motor Company will sell 142,194,700 equity shares. Hyundai is planning to raise about three billion dollars through this. Under this, the company can sell 15 to 20 percent stake. Hyundai is the second largest auto company in the country. Hyundai Motor India will not make any money from this IPO as it is completely OFS. SEBI had given approval for this IPO on 24 September. Hyundai Motor was started in India in 1996.
IPO worth Rs 25000 crore, country’s largest IPO gets SEBI approval, know who is this company
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