Hyundai Motor plans to use proceeds from a record $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets.

BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd.’s $3.3 billion initial public offering, according to people familiar with the matter.

Hyundai Motor India plans to launch India's largest IPO, aiming to raise Rs 27,870 crore. The IPO will enhance the company's trust and inclusivity in

(Reuters) - Hyundai Motor India will launch its IPO next week, marking parent Hyundai's first listing outside South Korea and India's first carmaker IPO since 2003. The $3 billion IPO would offer shares at a price range of 1,865 rupees to 1,960 rupees ($22 to $23) per share, valuing Hyundai's Indian unit at up to $19 billion.

Global investment giants BlackRock Inc., Singapore's sovereign wealth fund GIC Pte, and Capital Group have reportedly bid for shares in Hyundai Motor India Ltd.'s upcoming initial public offering (IPO) .

Hyundai Motor India’s IPO will be open from October 15-17, marking the largest public issue in India's history. Set at Rs 1,865-1,960 per share, the I

Hyundai aims to raise $3.3 billion in its initial public offering of its India unit, reports said Tuesday, which would make it the country's biggest stock market debut.

The book-built issue of Hyundai Motor India IPO is entirely an offer for sale of 142,194,700 shares (14.22 crore shares) of face value of ₹10 each.

By Dhwani Pandya MUMBAI (Reuters) -Hyundai Motor plans to use proceeds from a $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets.