LG Electronics to sell 15% stake in Indian unit under IPO process
LG Electronics, South Korea’s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future growth.
The IPO of LG Electronics India Ltd. is estimated to be worth around 1.8 trillion won ($1.28 billion), according to industry sources, reports Yonhap news agency.
