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).

South Korean auto giant Hyundai Motor Co’s Indian subsidiary, Hyundai Motor India Limited (HMIL), has gotten the market regulators with its proposed Initial Public Offering (IPO) valued at approximately $3 billion.

If the listing plans fructify, this deal, a pure OFS or offer for sale by the promoter, would be India Inc's biggest-ever IPO and beat the earlier record set by state-owned LIC's $2.7 bn listing in 20

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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.

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,

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 is set to make a significant splash in the Indian IPO market. The South Korean automaker has secured SEBI approval for its $3 billion IPO, valuing the company at around $20 billion.