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.
By Autocar Professional Bureau
3723 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
Fire at Hyundai Mobis Plant Raises Risk of Production Disruption at Hyundai Motor India
Ketan Thakkar
31 May 2026
Blaze at Hyundai Mobis' Irungattukottai facility that manufactures infotainment and electronic modules triggers assessme...
Weekly News Wrap: Tata Motors PV Capacity Push, JSW MG Motor Stake Sale, Toyota’s Karnataka Tech Hub
Darshan Nakhwa
31 May 2026
Tata Motors PV’s capacity and product investment plans, SAIC’s proposed stake sale to JSW, strong May passenger vehicle ...
Balu Forge FY26 Net Profit Rises 27% to Rs 258.9 Crore; Revenue Up 20%
Arunima Pal
31 May 2026
Quarterly net profit increased 4.9% to Rs 65.7 crore from Rs 62.7 crore in Q4 FY25. PAT margin remained at 22.9%.
