For a better experience, Read this story in our App
TO ENJOY ADDITIONAL BENEFITS
Connect With Us
Get BusinessLine apps on
LG Electronics has reportedly paused work on the initial public offering (IPO) of its Indian unit due to ongoing volatility in local equity markets, according to Bloomberg News. | Photo Credit: KIM HONG-JI/Reuters
LG Electronics has paused work on the initial public offering of its Indian unit amid volatility in the local stock markets, Bloomberg News reported on Wednesday citing people familiar with the matter.
The South Korean company has told advisers it may postpone the local unit's IPO and may decide to resume work on it if market conditions improve, Bloomberg News reported, citing sources who asked not to be identified because the talks are private.
"The IPO process is underway, but we cannot comment on the timing at this stage," an LG Electronics official told Reuters on Wednesday, adding that referring to it as a suspension "does not seem appropriate".
The reported pause of plans come at a time when equity market volatility in India has led homegrown e-scooter maker Ather Energy to cut its fresh share sale size by 15% and slash its target valuation by 44%.
Published on April 23, 2025
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.