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14 Oct 2024, 05:30:24 AM IST
Mark To Market Today Live Updates: Hyundai IPO: Parent’s Kia stake a sore spot
- Hyundai’s parent company holds a 34% stake in Kia Motors, which raises a question of conflict of interest. Also, the Sebi regulation mandates 25% non-promoter holding. So, there is a technical overhang of further supply of shares as the promoter stake in Hyundai India post the OFS will be 82.5%.
