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Hyundai Motor India Secures SEBI Approval For IPO

Hyundai is reportedly targeting a record $3.5 billion IPO, the biggest book building issue of India.

<div class="paragraphs"><p>Hyundai Motor India receives SEBI approval for IPO. (Source: Hyundai Motor India)</p></div>
Hyundai Motor India receives SEBI approval for IPO. (Source: Hyundai Motor India)

Hyundai Motor India has received approval from Securities and Exchange Board of India, India’s market regulator, for its initial public offering, sources familiar with the matter told NDTV Profit.

The company is reportedly targeting a record $3.5 billion IPO, the biggest book building issue of India.

(This is a developing story.)