The listing will be India's largest IPO and will see the South Korean parent sell a stake of up to 17.5% in the local entity for about USD 3 billion. It will value Hyundai's India unit at USD 19 billion at the top end of the share price range.
"India is the most exciting market in the world," Unsoo Kim, managing director of Hyundai Motor India, said during a press event.
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