Reported 10 months ago
Hyundai Motor India Ltd.'s upcoming IPO, one of India's largest share sales, is projected to enhance the valuations of Indian automakers. The listing could value Hyundai's Indian unit at $25 billion, making it the nation's fourth-largest automaker by market value. This move is seen as positive for the country's auto sector, with local stocks already increasing $70 billion in market value, driven by the growing demand for new vehicles in India.
Source: YAHOO