LG Electronics India files IPO papers to raise ₹15,000 crore

LG Electronics India filed for a ₹15,000 crore IPO, potentially India's fifth-largest. The South Korean electronics giant, a market leader in several appliance categories, aims to sell a 15% stake. This marks LG's second IPO in India, following Hyundai Motors. The company plans to invest ₹5,000 crore in a new Andhra Pradesh factory.