Photo : YONHAP News
Hyundai Motor’s Indian subsidiary made a historic debut on the Indian stock market on Tuesday.
A ceremony was held at the National Stock Exchange(NSE) in Mumbai to mark the listing of Hyundai Motor India.
The public offering price of its stock was set at one-thousand-960 rupees per share, or around 23 dollars and 30 cents.
Hyundai Motor India raised approximately four-point-five trillion won, or around three-point-26 billion U.S. dollars, during last week’s subscription process, marking the largest initial public offering(IPO) in the stock market’s history.
The ceremony was attended by Hyundai Motor Group chairman Chung Eui-sun to ring in the stock market listing.