Hyundai Motor said on Tuesday it has decided to sell a 17.5 per cent share in its Indian subsidiary for the initial public offering (IPO) it plans for this year.

Hyundai aims to raise $3.3 billion in its initial public offering of its India unit, reports said Tuesday, which would make it the country's biggest stock market debut.

Hyundai's IPO specifics such as size, valuation, and other particulars are under discussion and are subject to change, with the listing expected to take place on October 22.

Hyundai Motor Co. plans a massive IPO for its India unit, aiming for a $19 billion( approximately Rs1.58 lakh crore) valuation, potentially raising $3.3 billion. With a listing set for October 22 in Mumbai,

Hyundai Motor Company is preparing for what may be the biggest initial public offering (IPO) in India's history, a ground-breaking move that could upend the nation's stock market.

Hyundai Motor is seeking to raise as much as US$3.3 billion through an initial public offering of its Indian unit, people familiar with the matter said, kicking off the country’s biggest-ever listing.

Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation,

Hyundai has maintained a consistent market share between 15 per cent and 17 per cent since 2008, reinforcing its position as the second-largest automaker in India.

Hyundai Motor India, which is set to launch India’s biggest IPO soon, should be valued higher than market leader Maruti Suzuki, according to global brokerage Nomura. What Happened: Although specific details such as pricing and the exact timeline have not yet been disclosed,

India's second biggest car maker Hyundai Motor India has finally received the much-awaited approval from market regulator SEBI to launch its IPO. This IPO is also expected to be the biggest public issue in the country.