Billion-dollar IPO coming! LG Electronics India may raise Rs 11,500 crore; valuation seen around $9 billion
LG Electronics India is preparing to launch its IPO in the week of October 6, aiming to raise approximately Rs 11500 crore ($1.3 billion). This valuation is a significant cut from the initial $15 billion expectation, now revised to around $9 billion. The company also plans to invest $600 million in a new manufacturing plant in Andhra Pradesh.🕒 1 min read
LG Electronics India is preparing to launch its IPO in the week of October 6, aiming to raise approximately Rs 11500 crore ($1.3 billion). This valuation is a significant cut from the initial $15 billion expectation, now revised to around $9 billion. The company also plans to invest $600 million in a new manufacturing plant in Andhra Pradesh.
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