LG Electronics India receives Sebi approval for Rs 15,000 crore IPO

Electronics major LG Electronics India (LGEI) has received the green light from market regulator Securities and Exchange Board of India (Sebi) to launch its maiden share sale, sources said on Thursday.

The Indian arm of the Seoul-headquartered home appliances and electronics company could roll out its Rs 15,000 crore maiden share sale once market conditions turn conducive, they added.