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
3544 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
Noida International Airport Awards Ground Mobility Contract to Mann Fleet Partners
Sarthak Mahajan
24 Feb 2026
The agreement covers rental car services, intra-terminal bus shuttles, and intra-city connectivity linking the airport t...
Schaeffler India Q4 Revenue Rises 27%
Arunima Pal
24 Feb 2026
For the year ended December 31, 2025, revenue from operations increased 16.3% year-on-year.
Maharashtra EV Policy Could Be His First Policy Failure in 36 Years, Says Rajiv Bajaj
Arunima Pal
24 Feb 2026
In the CNBC-TV18 interview, Bajaj revealed that the company has received only a fraction of the subsidies owed by the Ma...
