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 Electronics India IPO, one of the largest this year, is a pure offer for sale by its Korean parent. 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, which is valued at Rs.11,607 crore, will see the parent company offload 10.18 crore shares, or about 15% of its stake in the Indian subsidiary. This will bring down the parent's shareholding to about 85% post-l...
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