Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor issued a corrected disclosure confirming the IPO price band (1,865 to 1,960 INR per share, approx. KRW 4.17T to 4.39T) and expected disposal date (October 21, 2024) for the sale of shares in its Indian subsidiary (HYUNDAI MOTOR INDIA LIMITED) following SEBI approval.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Correction Report (Decision on Disposal of Shares and Investment Certificates of Other Corporations)
- Original Filing Date: 2024-10-08
- Reason for Correction: Revision of offer price band and expected disposal date upon approval from the Securities and Exchange Board of India (SEBI)
- Issuing Entity: HYUNDAI MOTOR INDIA LIMITED (Indian Subsidiary)
1. Comparison of Major Corrections (Unit: KRW, %)
- Disposal Amount:
- Before: Unstated (Price band unconfirmed prior to SEBI approval)
- After: KRW 4,173,414,000,000 (approx. KRW 4.17T, based on the bottom end of the price band: 1,865 INR)
- Note (Offer Price Band): KRW 4,173,414,000,000 ~ 4,392,394,000,000 (approx. KRW 4.17T ~ 4.39T, 1,865 INR ~ 1,960 INR per share)
- Percentage of Equity Capital:
- Before: Unstated
- After: 4.1% (Relative to consolidated equity capital of approx. KRW 101.81T at year-end 2023)
- Expected Disposal Date:
- Before: Unstated
- After: 2024-10-21 (1 business day prior to the listing date)
2. Details of Disposal Decision
- Number of Shares Disposed: 142,194,700 shares (Secondary offering)
- Post-Disposal Shares Held & Ownership Ratio: 670,346,400 shares (82.5%)
- Purpose of Disposal: Sale of existing shares pursuant to IPO
- Board Resolution Date: 2024-10-08 (7 Independent Directors attended, 0 absent)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Final Offer Price Determination and Execution of Share Disposal
This filing provides a corrected disclosure detailing the indicative IPO price band and expected disposal date for Hyundai Motor India Limited following SEBI approval. Monitoring the final offer price determination and tracking whether the share disposal is executed as scheduled on the expected disposal date (2024-10-21) is important for confirming corporate transaction progress. Final confirmed figures and implementation details can be verified in future regulatory filings and periodic reports.
📢 Disclaimer & Source Notice
Source: This content has been structured and newly created based on official submission data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the individual investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
