From Business Desk : Eastern Chronicle 24 x7, The 25th September, 2024.
Securities Exchange Boards of India (SEBI) given Approval to Hyundai Motors about Public Offerings. It means, Hyundai Motors(India), has obtained approvals for it’s initial public offerings from the SEBI, the regulatory boards.
The South Korean Automakers Company, planning to raise 3 billions dollars public offerings in shapes of an IPO, roughly 20 billions dollars valuation in India.
It would makes the first automakers to go to public in two decades only, following Maruti-Suzuki, the leader of Indian Markets. The automaker reclaimed market shares increasingly formidable domestic rivals such as Tata Motors, Mahindra & Mahindra, by expanding to SUV lineup.
Hyundai plans to launch its first-india-made-electric SUV vehicles to run in Indian roads upto 2026, and at least two SUV gasoline models come-up into Indian roads, in recent coming years.
India, is the 3rd Biggest Revenue Maker for Hyundai, in the World after U.S & South Korea. So SEBI had approve to settle through IPO & Public holdings, also it had approved like Swiggy, the world’s giant foods supply chain company.
So, its a big time in India for Carmakers company, Hyundai to celebrate on its own.
