Follow us
Hyundai to dilute up to 17.5% stake in USD 3 billion IPO of India unit: Report
The country's second-largest carmaker will opt for an "offer for sale" route, where no new shares will be issued, but its South Korean parent Hyundai Motor will sell part of stake in the India unit, to retail and other investors, the newswire reported, citing sources.
3734 Views
Hyundai Motor is looking to sell a stake of up to 17.5% in its Indian unit as part of an IPO as the company gears up to file regulatory papers, Reuters reported on Friday, citing sources in the know.
The country's second-largest carmaker will opt for an "offer for sale" route, where no new shares will be issued, but its South Korean parent Hyundai Motor will sell part of its stake in the India unit, to retail and other investors, the newswire reported, citing sources. Reuters could not elicit a response from Hyundai Motor India.
This listing will be Hyundai's first one outside South Korea, with the company expected to garner proceeds to the tune of USD 2.5 to USD 3 billion in the stake sale, the newswire noted.
RELATED ARTICLES
TVS Motor Company Developing New 160cc Liquid-Cooled Maxi-Scooter
Autocar Professional Bureau
06 Jun 2026
The Chennai-based manufacturer is reportedly readying its first premium maxi-scooter, powered by an all-new liquid-coole...
Low-Speed Electric Two-Wheelers Specs Reconsidered: India’s Testing Agencies Weigh Raising 250W Power and 60kg Weight Limits
Shahkar Abidi
06 Jun 2026
Raising power and weight limits for exempt e-two-wheelers risks enabling unlicensed, helmetless riding and heavier loads...
Exclusive: M&M Redraws the Supplier Playbook for a More Uncertain World
Ketan Thakkar
06 Jun 2026
As the SUV maker prepares a 26-product rollout through FY31 and expands its global footprint, it is asking suppliers to ...
