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. 

Autocar Professional BureauBy Autocar Professional Bureau calendar 14 Jun 2024 Views icon3707 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Hyundai to dilute up to 17.5% stake in USD 3 billion IPO of India unit: Report 

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

India Notifies E30 Fuel Standards as Flex-Fuel Push Gathers Pace

auther Autocar Professional Bureau calendar19 May 2026

Move comes as India sharpens focus on reducing oil dependence amid continuing Middle East uncertainty; broader E85 and E...

Advait Energy, Norway’s TECO Target Q1CY28 Rollout For Fuel Cell Systems in Heavy-Duty Mobility

auther Arunima Pal calendar19 May 2026

The collaboration will centre on knowledge sharing and joint engineering efforts to develop local manufacturing capabili...

Remsons Industries UK Subsidiary Secures Rs 30 Crore International Supply Contract

auther Dev Vadchhedia calendar19 May 2026

The automotive component manufacturer will supply hood rods to a global commercial vehicle maker over a period of six ye...