Hyundai selects JPMorgan, Citi to accelerate $3 billion India IPO – report

Corporate developments
ATI News Team

Such a fundraising by Hyundai would put the valuation of its Indian operation at more than half its market capitalization of about $47 billion in Seoul

According to a report published by Reuters on Feb. 9, Hyundai Motor has enlisted the expertise of investment bankers JPMorgan and Citi to guide its forthcoming India IPO, which is anticipated to surpass $3 billion in value.

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