Hyundai Motor stock to begin Mumbai trading after $3.3bn IPO

Singapore government, others back automaker seen to have strong growth potential

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The launch of the new Hyundai Alcazar SUV in New Delhi last month. SUVs are very popular in India, analysts say. © Reuters

SOUMYAJIT SAHA, Nikkei staff writer

MUMBAI -- Hyundai Motor India closed its oversubscribed initial public offering on Thursday, raising $3.3 billion, making it the country's largest such deal.

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