IPO-bound Hyundai deserves valuation premium over rival Maruti Suzuki: Nomura
- Posted on September 26, 2024
- By Business News Today
- 3 Views
IPO-bound Hyundai deserves valuation premium over rival Maruti Suzuki: Nomura
Hyundai Motor India is set to launch a Rs 25,000 crore IPO, the largest in India's history. Nomura suggests Hyundai deserves a higher valuation than Maruti Suzuki due to its stable market share and strong sales performance. The IPO will involve an offer-for-sale of up to 142.2 million shares by Hyundai Motor Co.
