MUMBAI (Reuters) – South Korea’s Hyundai Motor is exploring an initial public offering (IPO) for its Indian unit to raise at least $3 billion, two sources familiar with the matter said on Monday.
Hyundai Motor India is in early stage talks for an IPO later this year that could value the company at $25 billion-$30 billion, the sources said.
(Reporting by Sriram Mani in Mumbai; Writing by Manvi Pant; Editing by Christian Schmollinger)
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