Hyundai India starts $3.3 billion IPO in country's largest ever share sale:

Daily Current Affairs / Hyundai India starts $3.3 billion IPO in country's largest ever share sale:

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Category : Business and economics Published on: October 15 2024

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Hyundai India started taking orders for its $3.3 billion initial public offering in Mumbai on 14th Oct, the company said in regulatory filings, a deal that will be the country's largest-ever share offering and world's second-biggest IPO in 2024.
The IPO shows that India's red-hot capital markets show no sign of cooling, with 260 companies having raised more than $9 billion so far in 2024, according to LSEG data. The year-to-date volume has already surpassed the $7.42 billion total raised last year.