Hyundai Motors India has received approval from the Securities and Exchange Board of India (SEBI) to launch a massive initial public offering (IPO) worth ₹25,000 crore (around $3 billion).
This marks the largest IPO in India’s history. The company filed its draft papers in June 2024 and plans to launch the issue as early as next month. The entire offering will be an offer-for-sale (OFS) by its parent company, Hyundai Motor Company.