Hyundai India’s IPO will pave way for many MNCs

New Delhi: Hyundai India, which was established nearly three decades ago, recently announced its listing plans in India. Foreign brokerage, Jefferies said this announcement could open floodgates for many more multinational companies that are operating in India with a significant market share, but are still unlisted in the Indian markets.

Some of the global MNCs listed in India have enjoyed market cap growth much faster than their Global Listed companies driven by higher sustainable multiples these companies enjoy in India which is not available in their home countries. Recently BAT (its stake in ITC), Whirlpool and Hyundai have announced monetisation of their stakes in Indian companies.