Hyundai Motor puts IPO plans for Indian stock market listing in gear; details here – Times of India

Hyundai Motor's Indian unit is gearing up to file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) within the next two weeks. This move marks the beginning of their journey toward an initial public offering (IPO), according to sources familiar with the development.Should this plan come to fruition, it would be the first IPO by an automaker in India in over 20 years since Maruti Suzuki went public in 2003.According to an ET report, following the DRHP submission, Hyundai Motor India's management is expected to kick off investor roadshows in both domestic and international markets from next month. This information was shared by an investment banker who wished to remain anonymous due to the confidential nature of the discussions.Sebi is anticipate...

TMC writes to Sebi, demands probe into exit polls for ‘manipulating’ stock market | India News – Times of India

NEW DELHI: The All India Trinamool Congress on Thursday written to Sebi and urged the market regulator to investigate the exit polls that predicted a landslide victory for the BJP-NDA in the Lok Sabha elections.In his letter, TMC leader Saket Gokhale alleged that pollsters manipulated the exit polls to influence stock markets, stating, "Investors made massive profits on June 3 after the markets rose on the back of exit poll results.However, on June 4, investors suffered losses of over 31 lakh crore. In the interest of protection of investors, it is important to determine if the India Today Axis MyIndia exit polls were rigged or intentionally skewed in favor of the BJP-led NDA which led to the unprecedented rally in the markets on 3rd June."Gokhale further said, "The exit polls were clea...