New Delhi, 17 February (IANS). After the list of Hyundai Motor Company’s Indian subsidiary ‘Hyundai Motor India Limited’ (HMIL) with a historic IPO of Rs 27,856 crore, the Indian branch of another veteran South Korea, LG, South Korea, for its mega IPO, Is fully ready.
Before the public listing of LG Electronics India, its parent group LG Corp Chairman and CEO Kuang-Mo may visit India this month.
According to the report, LG chiefs are planning to finalize India’s IPO and seek new investment opportunities in the country.
LG Electronics India filed a draft red herring prospectus (DRHP) near the market regulator SEBI in December last year.
Potential Possible Public Offering LG Electronics India will include LIC, Hyundai Motors, Paytm and Coal India, launching Mega IPO on domestic benchmark indices.
According to LG’s DRHP, in 2024, LG’s Home Appliances and Air Solution Division earned 73.77 per cent-78.97 per cent revenue, with refrigerators, washing machines, air conditioners and TV contributing 33.71 per cent -16.31 per cent.
LG Electronics India Managing Director Hong Joo Jion on Monday said in a media column that India has emerged as one of the fastest growing countries for global corporations.
As a global manufacturing and innovation hub, India now leads the ‘Make in India’ approach, strengthening its role as a ‘driver’ of multinational operations.
He wrote, “India is not only a gateway, but is also the foundation stone for achieving permanent, scalable development on the world stage.”
In this context, the Union Budget of 2025 presented an important opportunity for India to create a comprehensive structure, which if implemented can convert India’s growing domestic manufacturing sector to the Global Manufacturing Center.
The country’s goal is to become the third largest economy from the fifth largest economy, leaving behind Japan and Germany by 2027.
He added, “India not only paves the way for the economic development of the country towards becoming a developed nation till 2047, but also serve the world with a stable and strong base to become a global powerhouse of manufacturing for corporations. Enables in. “
-IANS
SKT/KR
