BlackRock, GIC, Capital Group to invest in Hyundai Motor India IPO

Quick Summary:

The anchor investor portion consists of as many as 42.4 million shares, according to the prospectus.

Representatives for Hyundai, BlackRock, Capital Group, GIC, Baillie Gifford and FMR declined to comment.

Baillie Gifford and FMR are also looking to participate in the record-breaking offering in Mumbai, the people said, asking not to be identified as the information isn’t public.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: Markets IPOs Hyundai Motor India GIC Sovereign wealth fund BlackRock Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 23:28:23 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23000116

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News Last Updated: 5 hours ago

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