Hyundai Motor India Limited, the company’s subsidiary in the country, received approval for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). The South Korean legacy automaker submitted its Draft Red Herring Prospectus (DRHP) in June 2024. The official r...
filed its draft red herring prospectus last week. As per media reports, the IPO size could be around $3 billion, with Hyundai Motor India being valued at as high as ₹25 billion. The #IPO is planned sometime in the second half of 2024, and ...
Tue, Oct 22 20241:36 AM EDT Hyundai Motor India’s shares drop over 5% on trading debut Hyundai Motor India shares fell more than 5% on their trading debut Tuesday after a $3.3 billion initial public offering, the country's largest-ever by amount raised. The IPO fetched 278.56 billion rup...
This transaction marks the largest initial public offering in India to date and the second largest IPO globally this year. It is also Hyundai Motors’ first listing of a unit outside of South Korea, with proceeds expected to enhance research and development for the automaker as part of its ef...
It is one of the few foreign car companies to have left a mark on the world's most populous country, with US rivals Ford and General Motors struggling to gain footing. Hyundai will be looking to capitalise on India's booming stock market, which has stoked an initial public off...
It is one of the few foreign car companies to have left a mark on the world's most populous country, with US rivals Ford and General Motors having struggled in their efforts to gain a market toehold. Hyundai Motor India managing director Unsoo Kim told reporters two weeks ago that the ...
Hyundai's IPO in India highlights ambition to boost EV production and export hub strategy in India Daniel Chiang, Taipei; Jingyue Hsiao, DIGITIMES Asia Monday 28 October 2024 Enter email addresses (max 10), separated by commas (required): ...
(Reuters) -Hyundai Motor India's $3.3 billion IPO opened for bids on Tuesday, aiming for a valuation of up to $19 billion in India's largest share sale yet. The company, India's No. 2 carmaker behind Maruti Suzuki, is offering shares in a range of 1,865 rupees to 1,960 rupees (...
Hyundai India launched its new “I Choose Hyundai” campaign amid its pending initial public offering (IPO). The South Korean automaker’s campaign in India is driving the narrative#IndiaDrivesHyundai.Through the “I Choose Hyundai” campaign, the legacy automaker is committing to the Indian custom...
New Delhi : Hyundai Motor India Ltd. (HMIL) is embarking on a mission to deepen its roots in rural India with the launch of “Grameen Mahotsav,” a vibrant initiative celebrating the essence of rural life and connectivity. This innovative endeavor under...