LG Electronics India files draft papers for initial public offering, to sell 15 per cent stake

LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, on Friday filed preliminary papers with markets regulator Sebi for an initial public offering wherein the parent will sell over 10.18 crore shares amounting to a 15 per cent stake.

After the listing of Hyundai Motors India Ltd, LG Electronics will be the second South Korean company that will tap the Indian stock market.