Hyundai filed draft IPO papers to raise about Rs 25,000 crore, India's biggest

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."

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