According to reports, LG Electronics has stopped work in the initial public offer (OPI) or in its Indian unit due to continuous volatility in local shares markets, according to Bloomberg News. | Photo credit: Kim Hong-Ji/Reuters
LG Electronics has stopped work in the initial public offer of its Indian unit amid volatility in local values markets, Bloomberg News reported Wednesday citing people’s family with the matter.
The South Korean company has told the advisors that the OPI of the local unit can postpone and can decide to resume work on it if market conditions improve, Bloomberg News reported, citing sources that asked not to be identified because the conversations are private.
“The OPI process is underway, but we cannot comment on the moment at this stage,” said an Electronics official from LG to Reuters on Wednesday, adding that referring to him as a suspension “does not seem appropriate.”
The pause reported by the plans arrives at a time when the volatility of the capital market in India has led to its own e-scooter energy, Ather Energy, to reduce its sale of only 15% sale and reduce its objective valuation by 44%.
Posted on April 23, 2025
