Hyundai onboards top advisers for IPO of its India unit
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South Korean automaker Hyundai has reportedly engaged the services of Kotak and Morgan Stanley as advisers for its forthcoming initial public offering (IPO) in India. According to a Bloomberg report, this advisory syndicate also includes Citi, HSBC, and JPMorgan. The IPO is tentatively scheduled for June. Hyundai India IPO could potentially raise around $2.5 billion, positioning it as one of the largest listings in India's history.