Big IPO Approval for Korean Company - 𝗟𝗚 𝗘𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰𝘀 𝗜𝗻𝗱𝗶𝗮 (About 15000 Cr)

LG Electronics India a subsidiary of the South Korean chaebol LG , has received 𝗦𝗘𝗕𝗜 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 for its Rs 𝟭𝟱,𝟬𝟬𝟬 𝗰𝗿𝗼𝗿𝗲 (approx) 𝗜𝗣𝗢, making it the 𝘀𝗲𝗰𝗼𝗻𝗱 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮𝗻 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 to list in India after Hyundai Motors India. Key 𝗜𝗣𝗢 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 are as below = a) Offer Type = (𝗢𝗙𝗦) – No fresh issue, funds go to 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮𝗻 𝗽𝗮𝗿𝗲𝗻𝘁. b) 𝗦𝘁𝗮𝗸𝗲 𝗦𝗮𝗹𝗲 = 𝟭𝟬.𝟭𝟴 𝗰𝗿𝗼𝗿𝗲 𝘀𝗵𝗮𝗿𝗲𝘀 (about 15% stake). c) 𝗕𝗼𝗼𝗸𝗿𝘂𝗻𝗻𝗲𝗿𝘀= 𝗠𝗼𝗿𝗴𝗮𝗻 𝗦𝘁𝗮𝗻𝗹𝗲𝘆, 𝗝𝗣 𝗠𝗼𝗿𝗴𝗮𝗻, 𝗔𝘅𝗶𝘀 𝗖𝗮𝗽𝗶𝘁𝗮𝗹, 𝗕𝗼𝗳𝗔 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀, 𝗖𝗶𝘁𝗶𝗴𝗿𝗼𝘂𝗽 𝗚𝗹𝗼𝗯𝗮𝗹. Notably, LG Electronics India's revenue from operations were abounytRs 64,088 crore for the FY Ended March 31, 2024.