India's biggest IPO is set to hit the floors, with markets regulator Sebi approving the draft red herring prospectus of Hyundai Motor's Rs 25,000-crore offer-for-sale. The IPO is expected to be launched in Oct and follows a series of public offers that have hit the markets recently.

Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation,

If the listing plans fructify, this deal, a pure OFS or offer for sale by the promoter, would be India Inc's biggest-ever IPO and beat the earlier record set by state-owned LIC's $2.7 bn listing in 20

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Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters.

India's market regulator has approved an initial public offering of Hyundai Motor India , two sources with direct knowledge of the matter told Reuters.

India's biggest initial public offer is set to hit the floors, with market regulator Sebi approving the draft red herring prospectus of Hyundai Motor's Rs 25,000-crore offer of sale.The much-awaited IPO is expected to be launched in Oct,