Hyundai India gains IPO approval, aiming to raise $3 billion, marking a significant comeback in the Indian automotive market.
Hyundai Motor India has received approval for its initial public offering (IPO) from the Securities and Exchange Board of India. The South Korean automaker aims to raise $3 billion, valuing the company at around $20 billion. This IPO marks the first for a carmaker in India in the last 20 years, following Maruti Suzuki’s IPO ...