Hyundai deepens India bet, files for IPO that could be country's biggest

Hyundai deepens India bet, files for IPO that could be country's biggest

FILE PHOTO: Workers assemble cars inside the Hyundai Motor India Ltd. plant at Kancheepuram district in the southern Indian state of Tamil Nadu October 4, 2012. REUTERS/Babu/File photo

Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company.