💨 Abstract

Hyundai Motor Co anticipates India as a rapidly growing market and aims to establish it as a global manufacturing hub. The South Korean carmaker is set to launch its Indian IPO next week, which will be the country's largest IPO, with the parent company selling up to 17.5% stake for approximately $3 billion. The listing values Hyundai's India unit at $19 billion at the highest share price range.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖