The final decision on the list will be taken based on market conditions and other relevant factors, said a spokesman for LG Electronics India
LG Electronics India, the Indian arm of the specialty of consumption and electronics of the consumers of South Korea, has decided to stop the plans for its OPI propose due to volatility in market conditions. The company said it will analyze a “strategic moment” to launch the OPI. He had received an approach to process with a public list of the Board of Securities and Exchange of India (Sebi) last month.
“The procedures for lgil’s ipo are currently underway. The final decision on the listing will Compper A Compper A Compper A Compper a Comoper A Compper a Compper a Compper a Compper a Compper a Comoper and Will of the Market and Willing Spokesperson for Lg Electronics India said Wednesday.
Characteristics of the IPO
The Durable South Korean consumer India Unit had presented its preliminary documents before Sebi last year in December. According to its red sand draft, the OPI will be completely structured as a Sacrimmer for the sale of up to 10.18 million capital shares by its parent company, promoting a 15 percent participation. While the company has not revealed the total size of the problem, analysts had set the size of the OPI is ₹ 15,000 million rupees. Being a OFS, the funds raised will go to the parent company.
The president and CEO of LG Corp, Kwang Mo Koo, along with the best brass, visited India in February. The company also began to make investor roads.
In its draft of the prospect, the consumption and electronics apparatus said that the public list will improve is the visibility and image of the brand, provide liquuidity and create a public market for capital shares in the country.
In an interview with Business lineHong ju Jeon, MD, LG Electronics India in March had said that India remains one of the most important markets for the company and is optimistic about the country’s long -term potential.
LG Electronics India The income of operations in the fiscal year24 stood at ₹ 21,352 million rupees of 7.5 percent. Only profits grew by 12.4 percent to ₹ 1,511 million rupees for the period.
Posted on April 23, 2025