Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor has resolved to sell 142,194,700 shares of its Indian subsidiary (HYUNDAI MOTOR INDIA LIMITED) through a secondary offering pursuant to its IPO on the Indian stock exchange.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Type: Major Management Matters Report (Mandatory Exchange Disclosure – Decision on Disposal of Shares and Investment Certificates of Other Corporations)
- Issuing Entity: HYUNDAI MOTOR INDIA LIMITED (HMI, Indian Subsidiary)
- Capital Stock of Issuer: KRW 131,225,000,000 (approx. KRW 131.2B, converted at end-March 2024 exchange rate)
- Number of Shares Disposed: 142,194,700 shares
- Disposal Amount: Unstated (Offer price band unconfirmed prior to SEBI approval; to be re-disclosed once confirmed)
- Equity Capital: KRW 101,809,440,000,000 (approx. KRW 101.81T, based on 2023 consolidated financial statements)
- Percentage of Equity Capital: Unstated
- Post-Disposal Shares Held & Ownership Ratio: 670,346,400 shares (82.5%)
- Purpose of Disposal: Sale of existing shares pursuant to IPO
- Expected Disposal Date: Unstated (To be re-disclosed once confirmed following SEBI approval)
- Board Resolution Date: 2024-10-08 (7 Independent Directors attended, 0 absent)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring SEBI Approval and Re-disclosure of Price Band & Expected Disposal Date
This filing announces Hyundai Motor’s board decision to dispose of shares in its Indian subsidiary via a secondary offering for its IPO, published prior to SEBI approval without confirmed offer price band and disposal date figures. Monitoring subsequent corrective disclosures filed upon SEBI approval—which will specify the offer price band and expected disposal date—is important for confirming transaction details. Confirmed figures and schedule details can be verified in future regulatory filings and periodic reports.
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