Hyundai India's $3.3 Billion IPO, Country's Largest Ever Share Sale, Rolls Out
NDTV
Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings.
Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, 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.
Hyundai will not issue new shares in the IPO, in which its South Korean parent will sell up to 17.5% of its stake in the wholly-owned unit that will be valued at up to $19 billion.
Voting for the 288 seats in the Maharashtra Assembly - the last major election this year - took place in a single phase on Wednesday; the majority mark is 145.
The AAP surprised many by releasing an early-bird first list of 11 candidates - of whom three are recent joinees from the Congress and three from the BJP - for next year's Delhi Assembly election.
The builder said he got a video call from a man wearing a police uniform who claimed to be an officer from the Narcotics Control Bureau.
This tragedy is not an isolated incident, but emblematic of the broader devastation wrought by the ongoing conflict in Manipur
Senior police officer Dinesh P told the media that Katyal misused his contacts at St Stephen's and the connections he made during his stint in corporate affairs to drop names
Ajita Pandey, is a snake rescuer from Bilaspur, India. She has saved thousands of snakes, spreading awareness about their ecological value.
A Delhi court had issued an attachment order against Bikaner House in favour of Enviro Infra Engineers Pvt Ltd. The recovery amount from this heritage property is Rs 50 crore
Adani Group has asserted that these were mere allegations and must be seen only as that. It also said it would explore a legal course of action.
Telangana Chief Minister Revanth Reddy has ordered a thorough probe into the incident that occurred at Maganoor Zilla Parishad Government High School and sought a detailed report.
The Squirrel Cage Jail, an architectural marvel, is one of only three remaining revolving jails in the US, and it’s renowned for its eerie and unsettling design.
The possible involvement of an outsider in releasing the snake inside the train's coach is among the angles being investigated.