New Delhi, March 18 -- Home appliances and consumer goods major LG Electronics India has received market regulator Securities and Exchange Board of India (SEBI)'s approval for its initial public offering.
The company, a subsidiary of Korean consumer electronics and appliances giant LG Electronics Inc, filed its IPO papers with SEBI on December 6, 2024, and has now received final observation from the regulator.
The IPO, with a face value of Rs 10 per equity share, is entirely an offer for sale of up to 10.18 crore equity shares by LG Electronics Inc.
LG Electronics holds a dominant market position across various product categories, including washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves.
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