Shares of Hyundai Motor India fall 7% on market debut
It was lacklustre debut on the Indian market for South Korea's Hyundai Motor after it raised US$3.3 billion in the country's biggest-ever initial public offering. It received a lukewarm response from retail investors. It was subscribed 2.37 times on the final day, with institutional buyers coming to the rescue, as the three-day sales window drew to a close. Rebecca Bundhun reports from Mumbai.
It was lacklustre debut on the Indian market for South Korea's Hyundai Motor after it raised US$3.3 billion in the country's biggest-ever initial public offering. It received a lukewarm response from retail investors. It was subscribed 2.37 times on the final day, with institutional buyers coming to the rescue, as the three-day sales window drew to a close. Rebecca Bundhun reports from Mumbai.
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