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LG India eyes up to $15 bn valuation
Mint Mumbai
|December 17, 2024
Morgan Stanley, JPMorgan, Axis Capital Ltd, Bank of America Corp. and Citigroup Inc. will manage the IPO
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G Electronics Inc. is considering increasing the valuation of its Indian unit to as much as $15 billion in a planned listing in Mumbai next year after initial feedback from analysts and investors, according to people familiar with the matter.
The South Korean company is planning to start a formal roadshow for LG Electronics India Pvt.'s IPO within the next two months and is targeting a listing in the first half of 2025, the people said, asking not to be identified because the information is private.
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