LG Electronics is a South Korean multinational electronics company and a prominent player in the global consumer electronics and home appliances industries. It is a subsidiary of LG Corporation, South Korea’s fourth-largest conglomerate.
LG Electronics has selected a consortium of investment banks, including Citi, Bank of America, JP Morgan, and Morgan Stanley, to manage its upcoming Initial Public Offering (IPO) in India. The company aims to raise between $1 billion to $1.5 billion (approximately ₹8,400-12,600 crore) through the offering. This IPO is poised to be a significant move for LG Electronics in expanding its footprint in India, where it already has a substantial market presence in consumer electronics and home appliances.
