Hyundai files draft papers for Rs 25000cr IPO: Top developments

Hyundai Motor India Limited, the Indian subsidiary of the South Korean automaker, has filed preliminary papers with the Securities and Exchange Board of India (Sebi). As per a Bloomberg report, “This could be the country’s biggest IPO (a pure offer for sale by the promoter) after the state-owned Life Insurance Corporation of India’s (LIC) $2.7 billion listing in 2022.”