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.
3832 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
Škoda Auto Names Martina Biene Sales and Marketing Board Member
Shruti Shiraguppi
03 Sep 2026
Jahn moves to the Volkswagen brand board and is set to join Škoda's Supervisory Board, with the changes effective Octobe...
Made-for-India EV to Lift Hyundai’s Electric Share Above 7% Within a Year
Autocar Professional Bureau
03 Sep 2026
Hyundai’s first EV designed and developed specifically for the Indian market will join the Creta Electric and Ioniq 5
Hyundai’s New EV to be PLI-compliant from Day One; Creta Electric Certification Expected Soon
Ketan Thakkar
03 Sep 2026
The Korean carmaker sees PLI eligibility creating room to push volumes and add variants to its locally built EV.
