LG Electronics India Aims ₹8,700 Cr Valuation in IPO Launch

LG Electronics is preparing to go public in India via an IPO that values its local business at around ₹87,400 crore (approximately $8.7 billion). The offering will involve the sale of up to 15% of its India unit through nearly 1.02 billion shares, with a tentative price band between ₹1,080 and ₹1,140 each. The proceeds are expected to fund expansion, R&D, and debt reduction. The IPO is slated to open in the coming week.