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LG Electronics delays India unit IPO on market jitters

LG Electronics delays India unit IPO on market jitters

FILE PHOTO: Visitors wait in line to get into LG Electronics’ booth during Korea Electronics Show 2024 in Seoul, South Korea, October 23, 2024. REUTERS/Kim Hong-Ji/File Photo

South Korea’s LG Electronics has delayed its Indian unit’s IPO plans due to market volatility and is now targeting launching the offering in the second or third quarter of fiscal year 2025-2026, instead of May, a source with direct knowledge said on Wednesday.

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