Particle.news
Download on the App Store
4 ARTICLES
·
5d ago

LG Electronics Pauses Indian IPO Plans Over Market Volatility

The company confirms the IPO process remains active but without a set timeline, citing a need to protect valuation amid uncertain equity conditions.

'No definitive plans': LG Electronics shares update on India IPO, listing
Image
Image
Image

Overview

  • LG Electronics has temporarily halted work on the IPO of its Indian subsidiary due to fluctuations in local stock markets.
  • The company maintains that the IPO process is ongoing but has not committed to a specific timeline, emphasizing strategic timing for optimal valuation.
  • The IPO, initially expected in May 2025, aimed to raise approximately ₹15,237 crore through a 15% stake sale by the South Korean parent company.
  • Market volatility has pressured LG India's valuation, potentially reducing it from $11.5 billion to $10.5 billion, influencing the decision to delay.
  • The offering, managed by global and local bookrunners, received regulatory approval from SEBI in March 2025 after preliminary filings in December 2024.