BlackRock, Fidelity snap up Hyundai India shares in record $3.3 billion IPO
Publishing timestamp: 2024-10-15 01:38:00
Summary
Hyundai Motor India sells shares worth $989.4 million to institutional investors as part of $3.3 billion IPO, set to be India's largest share offering. The IPO shows enthusiasm for India's capital markets, with Hyundai India seeking to capitalize on consumer preferences for SUVs and safety to grow market share and expand its position in the Indian market.
Sentiment: POSITIVE
Tickers: UNDEFINED, HYMTF, BLK, MARUTI-IN, L1NE3'-BR,
Keywords: autos, blackrock inc, ipo, vehicle sales, electric vehicles, phoenix motor inc, maruti suzuki india ltd, investors, singapore government, life insurance corporation of india, electric vehicle manufacturing, lineage inc, asia economy, hyundai motor co, south korea, business news, india,