Hyundai Motor India
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Hyundai IPO: Files DRHP for public issue; pricing details awaited; expected to raise record $3 billion
The Indian arm of the South Korean auto major Hyundai Motor India (HMIL) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in which the company will sell around 142.2 million shares (of the total 812 million shares) at a face value of ₹10 each.
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Hyundai Motor shares hit record high as investors bet on India IPO plan
Hyundai Motor Co's shares hit a record high as investors bet on the South Korean automaker's plan to list its India unit in Mumbai, which would help the company boost its presence in the world's third biggest auto market.