Thursday, May 15, 2025

Creating liberating content

The Impact of 5G on Server Technology and Networking The

NEW DELHI: Wholesale price inflation dipped sharply to a 13-month

NEW DELHI: Kerala was the state with the highest inflation

MUMBAI: India is the most preferred market to invest in

Related News

The Impact of 5G on Server Technology and Networking The advent of 5G technology is revolutionizing the digital landscape, bringing unprecedented speed, low latency, and massive connectivity to the world.

NEW DELHI: Wholesale price inflation dipped sharply to a 13-month low in April, led by a moderation in food, fuel, and manufactured products. This adds to the prospects of a

NEW DELHI: Kerala was the state with the highest inflation rate in April, while Telangana had the lowest, according to the latest data. This indicates that some large states continue

MUMBAI: India is the most preferred market to invest in now in Asia, a survey of global fund managersby BofA Securities found. A large number of these fund managers believe

How Server Consolidation is Driving Efficiency in IT Operations In today’s fast-paced digital landscape, businesses are under constant pressure to optimize their IT infrastructure to reduce costs, improve performance, and

Privately held conglomerate Shapoorji Pallonji Group is aiming to sign a $3.4-billion debt deal as early as Wednesday evening, in what would be the country’s biggest ever private credit deal,

Trending News

NEW DELHI: Wholesale price inflation dipped sharply to a 13-month low in April, led by a moderation in food, fuel, and manufactured products. This adds to the prospects of a

MUMBAI: India is the most preferred market to invest in now in Asia, a survey of global fund managersby BofA Securities found. A large number of these fund managers believe

MUMBAI: Following an understanding reached between India and Pakistan over the weekend on the stoppage of military action, a semblance of normalcy seems to be setting in the border towns.Businesses

India’s central bank is scrutinising some digital wallets associated with electric-vehicle players after the sudden collapse of the country’s largest all-EV taxi service left users unable to access money tied

MUMBAI: Indian Renewable Energy Development Agency on Wednesday filed an insolvency plea against troubled Gensol Engineering over a default of Rs 510 crore, the power financier said in an exchange

This is a representative AI image. NEW DELHI: MakeMyTrip on Wednesday said it reported a decline in travel demand to both Turkey and Azerbaijan, amid rising calls on social media

LG India gets Sebi nod for Rs 15,000-crore IPO

Word Count: 461 | Estimated Reading Time: 3 minutes


LG India gets Sebi nod for Rs 15,000-crore IPO

NEW DELHI: LG Electronics India, a subsidiary of the South Korean chaebol LG, has received markets regulator Sebi’s approval for its Rs 15,000 crore initial public offering (IPO), people familiar with the matter said on Thursday.
This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India in Oct last year.
In Dec, LG Electronics India filed preliminary papers with Sebi for an IPO wherein the parent company will sell over 10.2 crore shares, amounting to a 15% stake. It did not disclose the total issue size, but they said the pegged IPO size is Rs 15,000 crore.
Since the public issue is completely an offer for sale, LG Electronics India will not receive any IPO proceeds. The funds raised will go to the South Korean parent.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account