LG Electronics India files draft papers for an IPO, with its South Korean parent selling a 15% stake. The IPO is entirely an ...
Since the public issue is completely an OFS Offer For Sale, LG Electronics India will not receive any IPO proceeds.
LG's draft filing for the listing follows fellow South Korean multinational Hyundai Motor Corp.'s Rs 27,870-crore IPO of its Indian subsidiary in October.
The proposed IPO is entirely an offer for sale of 10.18 crore equity shares by promoter LG Electronics Inc with no fresh ...