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LG Electronics is set to launch its Indian arm's IPO in October, aiming to raise 15,000 crore. The offering, approved by Sebi, involves selling 15% of the local unit. This move follows a postponement due to market volatility and seeks to capitalize on the current bullish primary market momentum, making it potentially the largest IPO of 2025.
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Foreign investors heavily sold Indian equities in August, withdrawing over 80,000 crore in July and August combined. Financial services faced the brunt, with 9,817 crore offloaded in the second half of August, following 13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling 4,905 crore in the latter half after an earlier sell-off.
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Turks and Caicos Islands, a popular high-end tourist destination, is beset with violent crime.
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