Reported about 19 hours ago
Apollo Global Management is evaluating a possible IPO for Tenneco's India operations, which could be valued at around $2 billion. The move comes as part of a trend where multiple companies are pursuing IPOs in India's robust market. The initial public offering might raise between $400 million to $500 million and is expected to take place in Mumbai this year, following Apollo's acquisition of Tenneco for $7.1 billion in 2022.
Source: YAHOO