LG Electronics Inc looking to raise valuation of its Indian subsidiary to up to $15 billion

LG Electronics Inc is reportedly looking to raise the valuation of its Indian subsidiary to up to $15 billion in a planned listing next year.

A Bloomberg report on Monday said the Korean company decided on the move after receiving initial feedback from analysts and investors.

The home appliances and consumer electronics player is planning to start a formal roadshow of the initial public offering (IPO) of the Indian subsidiary — LG Electronics India — within the next two months.