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
2816 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
Ola Electric Rolls Out MoveOS 5 Software Update to All S1 Scooters and Roadster X Motorcycles
Angitha Suresh
08 Jul 2025
The over-the-air update includes 50 new features focusing on performance improvements, range optimization, and enhanced ...
China's Rare Earth Dominance Faces Growing Challenge as Alternative Supply Chains Emerge
Angitha Suresh
08 Jul 2025
International efforts to diversify rare earth element sourcing gain momentum as countries seek to reduce dependence on C...
Sonalika Tractors Reports Record Q1 Sales of 43,603 Units
Angitha Suresh
08 Jul 2025
The tractor manufacturer achieved its highest first-quarter sales performance in FY'26, supported by increased monsoon a...
