Hyundai mulls $3b India IPO later this year

Hyundai mulls $3b India IPO later this year

FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo

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.