Hyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised ₹27,870 crore which is currently India's biggest-ever IPO
National Stock Exchange (NSE), India's largest stock exchange, will open its initial public offering next week.
The offer-for-sale, which does not include any fresh capital being raised, will value NSE at close to $46 billion, which would make it the country's third-largest IPO.
Billionaire Mukesh Ambani's Reliance Jio Platforms IPO, likely later this year, is expected to raise about $3.8 billion, making it the country's biggest-ever stock offering.
Hyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised ₹27,870 crore ($2.95 billion) in October 2024 in what is currently India's biggest-ever IPO.