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Swiggy, backed by SoftBank and Prosus, was concerned to avoid a tepid response to its relatively large IPO, coming amid global uncertainty. File. | Photo Credit: Reuters Food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut…
Shares of newly-listed Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, jumped 6% on Wednesday (October 23, 2024), a day after making the market debut. The stock climbed 5.91% to ₹1,928.15 from the previous close on the BSE. At the NSE, the stock surged 6% to ₹1,928.90. Shares of Hyundai Motor…
This is the largest IPO in the country, surpassing LIC’s initial share sale of ₹21,000 crore. | Photo Credit: Reuters The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870…
Read More “Hyundai Motor India’s record ₹27,870 crore IPO fully subscribed” »
Image for representational purposes only. | Photo Credit: REUTERS South Korean automaker’s Indian arm Hyundai Motor India Ltd will launch the largest initial public offering (IPO) in the country’s history next week, aiming to raise ₹27,870 crore (about $3.3 billion). This IPO will surpass the ₹21,000 crore offering by Life Insurance Corporation of India (LIC)…
In FY24, Hyundai Motor India was the country’s second-largest carmaker after Maruti Suzuki New Delhi: Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, today filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO to raise around $3 billion (Rs 25,000…
Read More “Hyundai Files Draft IPO Papers For Rs 25,000 Crore IPO” »
Representational image of the Hyundai logo. | Photo Credit: AP 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…
Read More “Hyundai mulls $3 billion India IPO at $25-30 billion valuation: sources” »