/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Hyundai Motor Co.’s move to list its Indian subsidiary through an offer for sale appears opportunistic but does unlock value for the Indian operations in the long term.
Hyundai Motor Co. is planning to list its India unit in what may become the country’s biggest-ever initial public offering. This may turn out to be a once-in-a-lifetime event for India’s capital markets and the domestic car industry; the country’s second-largest carmaker going public is a big deal. The context to this listing is important. For the past many months, globally public markets and new listings have been subdued, with the Indian public market bucking the trend.
But there’s a catch. The IPO, if it goes through, will comprise solely an offer for sale of up to 142 million shares …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
