Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country’s largest ever share offering and world’s second biggest IPO in 2024. The IPO shows that India’s red hot capital markets show no sign of cooling,… Continue reading Hyundai India flags off $3.3b IPO in country’s largest ever share saleHyundai will not issue new shares in the IPO.
Tag: Suzuki
BlackRock, GIC to invest in Hyundai Motor India’s $3.3b IPO: ReportBaillie Gifford and FMR are also looking to participate in the IPO.
BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among investors that have bid to buy Hyundai Motor India Ltd shares in its $3.3 billion initial public offering next week, Bloomberg reported on Friday, citing people familiar with the matter. The report added that Baillie Gifford and FMR are also looking to… Continue reading BlackRock, GIC to invest in Hyundai Motor India’s $3.3b IPO: ReportBaillie Gifford and FMR are also looking to participate in the IPO.
Auto OEMs anticipate steady growth amidst growth in 2W, PV and Tractors: Report
Auto OEMs anticipate steady growth amidst growth in 2W, PV and Tractors: Report Original Equipment Manufacturers (OEM) under coverage are projecting notable growth in key financial metrics for the upcoming fiscal quarter, according to Axis Securities report. This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit… Continue reading Auto OEMs anticipate steady growth amidst growth in 2W, PV and Tractors: Report
Zacks Investment Ideas feature highlights: Denso, Strattec Security, China Yochai, Suzuki and Yamaha
For Immediate Release Chicago, IL – October 10, 2024 – Today, Zacks Investment Ideas feature highlights Denso Corp. DNZOY, Strattec Security STRT, China Yochai International CYD, Suzuki Motor SZKMY and Yamaha Motor’s YAMHF. Don’t Overlook These 3 Japanese Auto Stocks: DNZOY, SZKMY and YAMF Japan is starting to stand out among global auto markets as… Continue reading Zacks Investment Ideas feature highlights: Denso, Strattec Security, China Yochai, Suzuki and Yamaha
Don’t Overlook These 3 Japanese Auto Stocks: DNZOY, SZKMY, YAMHF
Japan is starting to stand out among global auto markets as 3 Japanese auto manufacturers saw their stocks added to the Zacks Rank #1 (Strong Buy) list last week. Seeing a positive trend of earnings estimate revisions here’s a further look at why now is a good time to buy these highly-ranked auto stocks. Automotive… Continue reading Don’t Overlook These 3 Japanese Auto Stocks: DNZOY, SZKMY, YAMHF
Why Cadwell Park is an unsung racetrack hero
Cadwell Park, in Lincolnshire, might be the most atmospheric race circuit in the world. For a while, it was known as the UK’s ‘mini Nürburgring’ – but that’s a bit like calling the late Verne Troyer a mini Vin Diesel. Disrespectful? Absolutely. They may have comparable relative proportions, but surely – and you can call… Continue reading Why Cadwell Park is an unsung racetrack hero
Hyundai to use proceeds from upcoming $3b India IPO for new cars, R&DHyundai is due to launch its IPO—India’s biggest ever—next week.
Hyundai Motor plans to use proceeds from a record $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets. Hyundai is due to launch its initial public offering—India’s biggest ever—next week. It will set a value… Continue reading Hyundai to use proceeds from upcoming $3b India IPO for new cars, R&DHyundai is due to launch its IPO—India’s biggest ever—next week.
Maruti Suzuki to automate 12 additional driving test tracks in Uttar Pradesh
The 12 additional driving test tracks located in Aligarh, Azamgarh (2 nos), Basti, Bareilly, Gonda, Jhansi, Meerut, Mirzapur, Moradabad, Muzaffarnagar, and Pratapgarh will be automated for Two-wheeler, LMV and HMV driving license testing. Maruti Suzuki India Limited (MSIL) entered into an agreement with Transport Department of Uttar Pradesh to automate 12 additional driving license test tracks… Continue reading Maruti Suzuki to automate 12 additional driving test tracks in Uttar Pradesh
Hyundai India to dilute 7.5% additional stake in 3-5 years
Hyundai Motor India, which is selling up to 17.5% stake through an IPO, will dilute an additional 7.5% stake in the next three to five years, according to the company’s investment banker. This is in line with the minimum public shareholding guidelines set by the Indian market regulator Securities and Exchange Board of India. As… Continue reading Hyundai India to dilute 7.5% additional stake in 3-5 years
Hyundai India IPO: Price band set at Rs 1,865 – 1,960, issue to open on Oct 15
India’s second largest car maker Hyundai Motor India Ltd on Wednesday fixed the price band of its initial public offering in the range of Rs 1,865 – 1,960. At this price, the company is set to raise Rs 27,870.16 crore ($3.42 billion) at the upper end, or Rs 26,519.31 crore at the lower end. The… Continue reading Hyundai India IPO: Price band set at Rs 1,865 – 1,960, issue to open on Oct 15