Shardul Amarchand Mangaldas & Co and Latham & Watkins are advising South Korean carmaker Hyundai Motor on the initial public offering for its Indian unit.
Hyundai India has filed preliminary papers with the Securities and Exchange Board of India for a listing in Mumbai. According to Reuters, the deal could raise as much as $3 billion, which would make Hyundai India the largest equity capital markets issuer in the country this year.
