SEBI Approves LG Electronics India's ₹15,000 Crore IPO

India's market regulator, SEBI, has approved LG Electronics India's ₹15,000 crore IPO, marking a significant listing event. The IPO involves a 15% stake sale via an offer-for-sale (OFS), with proceeds going to the South Korean parent company. LG Electronics India is a leading consumer electronics brand in India, dominating markets for refrigerators, washing machines, and microwaves. The IPO is expected to list on NSE and BSE by mid-2025, managed by top investment banks like Morgan Stanley and JPMorgan.

Sources: Economic Times, Trak.in, Business Korea, Hindustan Times