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LG Electronics Halts IPO Plans for Its India Unit

  • brg_news_room
  • Apr 24
  • 1 min read

Updated: May 8


LG Electronics Halts IPO Plans for Its India Unit
LG Electronics Halts IPO Plans for Its India Unit

India: LG Electronics has temporarily halted its initial public offering (IPO) plans for its Indian subsidiary, according to a Bloomberg report citing individuals familiar with the matter. The decision comes amid increased stock market volatility in India. The company, based in South Korea, has informed advisers that the IPO may be postponed until market conditions become more favorable. LG had previously received approval from the Securities and Exchange Board of India (SEBI) in March to proceed with the IPO after submitting its draft red herring prospectus (DRHP) in December 2024. 


The proposed public issue was estimated at around Rs 15,000 crore (approximately 1.8 billion USD), which would have placed it among the largest IPOs in India, alongside those of Life Insurance Corporation, Hyundai Motor India, Paytm, and Coal India. The postponement coincides with other companies adjusting their IPO plans due to market conditions, including Ather Energy, which recently reduced its share sale size and valuation target. If LG proceeds with the listing in the future, it will become the second South Korean firm to be listed on Indian exchanges following Hyundai Motor India’s debut in October last year. 


Source: ET Now Digital


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