Hyundai mulls $3 billion India IPO at $25-30 billion valuation: sources
The Hindu
Hyundai Motor is considering an IPO for its Indian unit to raise $3 billion, potentially making it India's largest stock market offering.
South Korea's Hyundai Motor is exploring an initial public offering (IPO) for its Indian unit to raise at least $3 billion, two sources familiar with the matter said on Monday.
Hyundai Motor India is also in early stage talks for an IPO later this year that could value the company at $25 billion-$30 billion, the sources said.
While Hyundai's plan for an IPO later this year is not finalised, it could potentially be the country's biggest stock market offering, the sources said.
The company is exploring "value unlocking for its India business" through the IPO, the two sources said.
A spokesperson at Hyundai's India unit declined to comment.
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