Jaipur: Hyundai Motor India Limited has ready to launch the nation’s greatest ever Stock Launch. On Monday, a giant announcement relating to Stock Launch was made by Hyundai Motor India Limited in Jaipur, beneath which Hyundai Motor India Limited has mentioned that it’s going to open the Stock Launch on Tuesday, October 15, 2024.
Regarding the matter, Hyundai Motor India Limited COO Tarun Garg mentioned that the date of anchor investor bid is October 15, 2024. The bid/provide time limit is Thursday, October 17, 2024. At the identical time, the value band of the provide has been fastened from Rs 1,865 per fairness share to Rs 1,960 per fairness share. Bids may be made for at least 7 fairness shares and multiples of seven fairness shares thereafter.
Tarun Garg, COO, Hyundai Motor India Limited (ETV Bharat Jaipur)
The firm’s Stock Launch includes a proposal on the market of 142,194,700 fairness shares by Hyundai Motor (‘Promoter Selling Shareholder’). The particular factor is that after virtually 20 years, an vehicle firm is launching its Stock Launch and its dimension will probably be greater than LIC Stock Launch. The firm has made different bulletins together with the value band, lot dimension of the Stock Launch on Monday.
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Hyundai Motors India will provide on the market 142,194,700 shares with face worth of Rs 10 by way of this problem. Let us inform you that the corporate has deliberate to boost Rs 8,315.28 from anchor traders.
