Tech
LG Electronics to sell 15% stake in Indian unit under IPO process
[ad_1]
LG Electronics, South Korea‘s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future growth.
The IPO of LG Electronics India Ltd. is estimated to be worth around 1.8 trillion won ($1.28 billion), according to industry sources, reports Yonhap news agency.
LG Electronics said its board has approved the sale of a 15% stake in the subsidiary as part of the IPO process. The sale date and pricing details have not yet been determined,…
[ad_2]
Source link
Continue Reading