Hyundai Motor claims that its Indian unit's IPO is still ongoing

Hyundai Motor claims that its Indian unit's IPO is still ongoing

Hyundai Motor claims that its Indian unit's IPO is still ongoing

Hyundai Motor said in a regulatory filing that it "as a global company, we continually assess various measures, considering listing overseas subsidiaries, in order to improve corporate value, but nothing has been decided."

Hyundai Motor Co. of South Korea said on Wednesday that it has not yet made a decision about the listing of its Indian subsidiary and that it would provide an update on the issue either a month or after the plan is finished.

Hyundai Motor said in a regulatory filing that it "as a global company, we continually examine various measures, including listing overseas subsidiaries, for improved Report Phrase corporate value, but nothing has been finalized."

Reuters said on Tuesday that Hyundai Motor intends to float its Indian subsidiary, which would be the nation's largest initial public offering (IPO), in order to earn at least $3 billion.