Hyundai Motor To Sell 17.5% Stake In Indian Subsidiary For IPO

Hyundai Motor has announced plans to sell a 17.5% stake in Hyundai Motor India as part of its upcoming IPO, targeting up to 4 trillion won ($2.96 billion). The IPO, set to open for subscription on October 14, will be the first public offering by a carmaker in India in nearly two decades, underscoring Hyundai’s commitment to expanding its presence in the Indian market.