The initial public offering of Hyundai Motor India Ltd, the Indian subsidiary of South Korean automaker Hyundai, saw an 18 percent subscription on its first day of bidding on Tuesday. According to the data released by the National Stock Exchange, the Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares…
NEW DELHI: The Indian market is set to witness several companies go public in the next two months, including Hyundai Motor India, Swiggy, and NTPC Green Energy. Merchant bankers estimates that they collectively aims to raise approximately Rs 60,000 crore via their IPOsAfcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda…
NEW DELHI: Top car companies Maruti Suzuki, Hyundai and Tata Motors continued to reduce wholesale deliveries to dealerships as consumer demand remains relatively low compared to last year, leading to inventory build-up over the past few months. The move comes even as the industry prepares to enter the festive period with the auspicious Ganesh Chaturthi…
Day 6 of FDCI’s Hyundai India Couture Week ended with a scandalous twist during Tarun Tahiliani‘s highly anticipated presentation. Known for recently designing outfits for Indian Olympians, the event at a plush central Delhi hotel quickly descended into chaos.The main stage area had limited seating, far fewer than the number of guests invited, causing significant…
NEW DELHI: Hyundai has joined local car companies – Tata Motors and Mahindra – in raising objections to any duty relaxations for hybrid vehicles, saying such a measure has the potential to disturb sales of petrol and diesel vehicles.The demand for lower duty on hybrids is being raised by top Japanese companies such as Maruti…
NEW DELHI/ MUMBAI: Korean car major Hyundai Motor is looking to sell around 17% stake in its Indian arm through an initial share sale (IPO), which may be India’s biggest issue so far, to raise as much as Rs 25,000 crore (around $3 billion), valuing the company at around $18 billion, or around Rs 1.5…
