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What is LG Electronics?
Latest Updates on LG Electronics
The company is planning to start a formal roadshow for LG Electronics India Pvt's IPO within the next two months and is targeting a listing in the first half of 2025
The IPO, which is entirely an offer for sale (OFS), will see Seoul-based parent LG Electronics divesting up to 101,815,859 equity shares of face value Rs 10 each from its Indian subsidiary
Besides, it is increasing the sourcing of raw materials from the local market, which is helping it meet consumer demands
South Korean parent to sell 15% stake
Its South Korean parent company LG Electronics Inc will sell 10,18,15,859 equity shares of face value of Rs 10 each, according to DHRP
LG may seek to raise $1 billion to $1.5 billion from the share sale, which could give LG Electronics India Pvt Ltd. a valuation of about $13 billion
In its segment-wise revenue, LG reported Rs 5,672 cr from the home entertainment division, under which it sells televisions, audio systems, DVDs, monitors, and security cameras, among other products
The total tax expense of LG Electronics India in FY24 rose by 11.36 per cent to Rs 526 crore
LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO
Chief Executive Officer William Cho said an Indian market debut is one of several options it's weighing to revitalise a decades-old consumer electronics business
Brands are offering warranties on washing machines and dishwasher motors for up to 20 years, which are being marketed as 'lifetime' guarantees
A South Korean business daily reported that the LG Group has approached foreign investment banks and local law firms to discuss the listing of LG Electronics in India's stock market
The LG MyView 27-inch is a well-rounded monitor that integrates essential connectivity options, a modest display, and smart features to cater to both professional and entertainment needs
The 55-inch TV category is fast becoming a bigger chunk of the market for the company, recording a growth of 30-35 per cent
Offered in 27-inch and 32-inch display options, the LG MyView Smart Monitors are priced at Rs 24, 500 onwards
LG's foray into the commercial washing machine multi-housing business introduces new line of services, bringing self-laundry solutions to college and university hostels, company said in statement
The LG QNED 83 series features 120Hz refresh rate displays with support for Dolby Vision
The LG Gram 16 is a compelling choice for those seeking a slim and lightweight laptop ready for various tasks, excluding gaming or heavy content creation
The LG Tone fit TF7 will be available for purchase starting from August onwards, with a starting price of Rs 12,500
LG India will boost localisation of its products by increasing the use of locally produced components from 50% to 70%