(Reuters) – India’s market regulator has approved an initial public offering of Hyundai Motor India, two sources with direct knowledge of the matter told Reuters.
The company plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters.
(Reporting by Aditya Kalra, Aditi Shah and Harshita Meenaktshi; Editing by Tasim Zahid)
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