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.
3840 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
SML Mahindra Reaches $1 Billion Market Cap as M&M CV Consolidation Pays Off
Autocar Professional Bureau
09 Sep 2026
M&M's stake valuation surpasses Rs 5,600 crore as ninefold stock surge offsets historic commercial vehicle losses.
Classic Legends’ Paid-Service Retention Rises to 54% as Brand Sentiment Improves
Darshan Nakhwa
09 Sep 2026
Network expansion, warranty packages, and dealer-led rider groups drive service recovery after early distribution challe...
IESA Urges Policy Push for Battery Component Sourcing and Smart Grids
Autocar Professional Bureau
09 Sep 2026
Industry body seeks expanded manufacturing incentives and recycling mandates as national EV sales touch record levels.
