The IPO includes fresh equity sale worth ₹800 crore and an OFS of 1.36 crore equity shares by promoters and existing shareholders.
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Hyundai Motor surged 6.34 per cent to 285,000 won (US$206) shortly after opening on the South Korean exchange, marking a fresh 52-week peak.
The IPO includes fresh equity sale worth ₹800 crore and an OFS of 1.36 crore equity shares by promoters and existing shareholders.
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A report in the Reuters news agency has said that Hyundai India "will pay banks, including JPMorgan, Citigroup and HSBC, 1.3% of the IPO size".
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Prior to this, India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a life-time high of $655.8 billion.
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