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.
By Autocar Professional Bureau
3893 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
EIM to Launch Two Electric Trucks in 15 Months as Pune Manufacturing Begins
Darshan Nakhwa
14 Oct 2026
The company plans to introduce a heavy electric tipper and a rigid-body truck while expanding battery-pack assembly and ...
Over 95% of EIM’s Electric CV Sales Follow Battery Subscription Model, Says MD
Darshan Nakhwa
14 Oct 2026
EIM plans 160 megawatt-scale swap stations across major freight corridors as electric commercial fleet scales up.
CEAT Converts $24.5 Million Loan to Equity as Camso Off-Highway Integration Reaches 85% Customer Migration Threshold
Shahkar Abidi
14 Oct 2026
Tier-1 tyre maker restructures Sri Lankan subsidiary balance sheet and absorbs European distribution setup costs ahead o...
