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.
3465 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
India Plans Sharp Cut in Car Import Tariffs to 40% Under Proposed EU Trade Pact: Reuters
Arunima Pal
25 Jan 2026
According to Reuters, the Indian government has agreed to immediately reduce duties on a limited number of EU-built cars...
Weekly News Wrap: Truck Makers go Aggressive; Toyota, Skoda Expand Portfolios
Autocar Professional Bureau
25 Jan 2026
Product launches dominated the week, with new trucks from Tata Motors and Ashok Leyland and fresh action in the SUV segm...
Auto LPG Coalition Seeks Inclusion in PNGRB Fuel Study
Sarthak Mahajan
24 Jan 2026
The Indian Auto LPG Coalition has formally requested the petroleum regulator to include autogas in an ongoing TERI study...
