Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation,

Hyundai Motors India is all set to launch the country's biggest-ever initial public offering (IPO) after receiving approval from the Securities and Exchange Board of India (Sebi). The company submitted its draft papers in June 2024 and the IPO may be launched as soon as October, reported Businesstoday.in.

Hyundai Motor India approved for IPO, aiming to raise $3 billion, expand SUV lineup, and launch electric vehicle.

The (SEBI) has given approval to Hyundai Motor India's initial public offering (IPO). This significant development marks a milestone for the South Korean automaker, as it aims to raise $3 billion at an approximate valuation of $20 billion.

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.

Hyundai Motor India is set to make a significant splash in the Indian IPO market. The South Korean automaker has secured SEBI approval for its $3 billion IPO, valuing the company at around $20 billion.