As the public issue is solely an OFS, Hyundai Motor India Ltd, which stands as the second largest car manufacturer in India after Maruti Suzuki, will not receive any proceeds from the IPO.
This dividend aligns with TCS’s policy of sharing its profits with its shareholders, further strengthening investor confidence in the company's growth trajectory.
On October 17, Indian markets closed lower for the third consecutive session, with the Nifty settling at 24,750.
Here are some of the stocks that may see significant price movement today: Infosys, Axis Bank, Wipro, LTIMindtree, etc.
Investors who applied for the Hyundai IPO can verify their allotment status at KFin Technologies Limited, the registrant for the offering.
EBITDA increased by 10% to ₹1,117 Crore in the second quarter of this fiscal year, up from ₹1,015.3 Crore in the same period last year.
AAM India Manufacturing Corporation manufactures axles for light, medium, and heavy-duty commercial trucks and passenger buses in India.
The facility, which began operations in October 2006, spans 600 acres and produces a variety of models, including the Brezza, Ertiga, XL6.
September 2024 marked the fifth consecutive month when merchandise trade deficit was above $20 Billion
Some of the biggest challenges are a lack of awareness, financial limits, and the necessity for novel storage methods.

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