{"id":855615,"date":"2024-09-17T08:12:47","date_gmt":"2024-09-17T02:42:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=855615"},"modified":"2024-09-17T08:35:38","modified_gmt":"2024-09-17T03:05:38","slug":"lg-electronics-picks-banks-for-1-5-billion-listing-of-indian-unit","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/17\/lg-electronics-picks-banks-for-1-5-billion-listing-of-indian-unit\/","title":{"rendered":"LG Electronics picks banks for $1.5 billion listing of Indian unit"},"content":{"rendered":"<p>South Korea\u2019s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter. <\/p>\n<p>LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase &amp; Co. and Morgan Stanley as arrangers for an IPO that may take place as early as next year, the people said. LG may seek to raise $1 billion to $1.5 billion from the share sale, which could give LG Electronics India Pvt Ltd. a valuation of about $13 billion, the people said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s LG Electronics Inc. has picked banks for a potential initial public offering of its Indian business that could raise as much as $1.5 billion, according to people familiar with the matter. LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase &amp; Co. and Morgan Stanley as arrangers for an IPO that may take place as early as next year, the people said. LG may seek to raise $1 billion to $1.5 billion from the share sale, which could give LG Electronics India Pvt Ltd. a valuation of about $13 billion, the people said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-855615","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/855615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=855615"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/855615\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=855615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=855615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=855615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}