The capital markets regulator has given a green light to Hyundai Motor Co’s Indian unit, Hyundai Motor India Limited, for launching its IPO worth nearly $3 billion

Hyundai Motor India Limited (HMIL), the Indian arm of the South Korean automaker Hyundai has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The IPO is expected to value Hyundai at approximately USD 18 billion (Rs 1.5 lakh crore), making it the biggest public listing in Indian automotive history.

Hyundai Motor India Limited got market regulator Sebi’s nod for its around $3 billion IPO after the automaker filed draft papers in June this year

Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation,

Hyundai Motor India and Swiggy have received SEBI approval to launch IPOs, with Hyundai aiming to raise over $3 billion and Swiggy planning to raise over Rs 10,000 crore. Hyundai's IPO marks the first automaker listing in over two decades,

India's second biggest car maker Hyundai Motor India has finally received the much-awaited approval from market regulator SEBI to launch its IPO. This IPO is also expected to be the biggest public issue in the country.

The Securities and Exchange Board of India (SEBI) has reportedly approved the proposed IPO of Hyundai Motor India. What Happened: Hyundai Motor India, the Indian unit of South Korean automobile giant Hyundai Motor Co,

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.