Hyundai looks to sell up to 17.5% stake in India unit IPO, sources say

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MUMBAI/SYDNEY :South Korea's Hyundai Motor aims to file regulatory papers on Friday for the planned billion IPO of its Indian unit and is looking to sell a stake of up to 17.5 per cent in the offering, according to three sources with direct knowledge of the matter.

Hyundai looks to sell up to 17.

FILE PHOTO: A man rides a scooter past a Hyundai automobile showroom in Mumbai, India, February 9, 2022.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaSouth Korea

Topics: Motor Looks Stake Sell Sources Billion Korea Indian File India Hyundai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 16:20:30 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21252709

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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