SEOUL/MUMBAI -- South Korean conglomerates led by LG and Hyundai Motor have rushed to India's stock market to raise capital to beef up business operations in the country by listing their local subsidiaries.
LG Electronics India's IPO on Oct. 14 in Mumbai was one of India's most-subscribed, with the 116 billion rupee share sale receiving bids worth about 4.4 trillion rupees. © Reuters
Trading Asia
India's IPO market attracts South Korean conglomerates
CJ ready to take a chance after success of compatriots LG and Hyundai
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