Hyundai Motor to sell 142 million shares it holds in Hyundai Motor India for IPO

SEOUL (Reuters) – Hyundai Motor said in a regulatory filing on Tuesday that it will sell 142 million shares it holds in Hyundai Motor India for the latter’s initial public offering. The South Korean automaker said in the filing that it will still hold 670 million shares in Hyundai Motor India, or an 82.5% stake, afterward.

(Reporting by Hyunsu Yim; Editing by Ed Davies)