The capital markets regulator has given a green light to Hyundai Motor Co’s Indian unit, Hyundai Motor India Limited, for launching its IPO worth nearly $3 billion

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 granted approval for Hyundai Motor India's Rs 25,000 crore IPO. All eyes are on the potential listing of the auto major in late October.

New Delhi: Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator SEBI's approval to float an initial public offering (IPO), people familiar with the development said on Wednesday.

This development would make Hyundai India the first car company to go public in the Indian market since Maruti Suzuki's IPO in 2003

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.