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.
3799 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
Renault India July Wholesales Rise 27.9% to 3,293 Units
Autocar Professional Bureau
01 Aug 2026
The automaker recorded its eleventh consecutive month of double-digit year-on-year wholesale growth, supported by sustai...
Electric 2W Registrations Nearly Double in July; Penetration at 11%
Kiran Murali
01 Aug 2026
July registrations rose 80% on a year-on-year basis, while remaining almost flat compared with June.
Hero MotoCorp Dispatches Rise 19% to 5.33 Lakh Units in July
Autocar Professional Bureau
01 Aug 2026
Hero MotoCorp reported a 19% year-on-year increase in July dispatches to 533,416 units, supported by domestic demand, wh...
