India IPO

Hyundai India IPO: Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms

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Hyundai India IPO: Hyundai under pressure from Tata, Mahindra as .5 billion India IPO looms

Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more

ajax engineering ipo: Kedaara-backed Ajax Engineering is said to plan India IPO

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ajax engineering ipo: Kedaara-backed Ajax Engineering is said to plan India IPO

Ajax Engineering Pvt, an Indian concrete equipment maker backed by Kedaara Capital, is considering an initial public offering that could raise Rs 20 billion ($240 million), people familiar with the matter said. Ajax Engineering is working with advisers to help prepare for an IPO in Mumbai in the fourth quarter, the people said, asking not … Read more