India, Oct. 7 -- LG Electronics Ltd. is set to launch the second initial public offering by a South Korean company in India, seeking to tap into the investor appetite in the world's third largest stock market.
LG is set to test investor appetite in India with its Rs.11,607 crore initial public offering (IPO), opening for subscription on October 7. The IPO, one of the largest this year in the consumer durables space, is entirely an offer for sale (OFS) by its Korean parent, LG Electronics Inc. No fresh shares are being issued, meaning the company will not raise new capital through this offer.
Here are the key details of the IPO, its structure, financials, and what analysts are saying.
LG Electronics India's IPO is valued at Rs.11,607 cr...
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