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.

A Hyundai India IPO is noteworthy, for that would make the South Korean firm the first carmaker to list in India since Maruti Udyog in 2003.

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,

Bain-backed memory chipmaker Kioxia has scrapped its plan for an initial public offering (IPO) in October, three sources familiar with the matter said. Bain declined to comment. Kioxia did not immediately respond to a request for comment.

Japanese memory chip maker Kioxia Holdings Corp. has shelved its plan to debut its shares on the Tokyo Stock Exchange in October, Reuters said.