Overview

• The board cleared a parent offer for sale of existing shares in LG Electronics India with no new equity issuance.
• LG said the listing could be completed as early as next month, with the sale date and pricing still to be determined.
• The company will file its final securities report with SEBI, seeking the regulator’s approval to close the transaction.
• Industry estimates point to roughly 1.8 trillion won in proceeds and a valuation above 12 trillion won for the Indian unit.
• Post-IPO ownership would be 85% for the parent, and analysts say the funds would bolster LG’s financial profile relative to its 1.1 trillion won cash balance.