LG India soars past South Korean parent, becomes $13 billion giant after blockbuster debut
In a stunning debut that defied expectations, LG Electronics India surged 50.4% from its IPO price on its first day of trading on Tuesday, taking its market capitalisation to Rs 1.16 lakh crore, or about $13.13 billion, higher than its South Korean parent LG Electronics Inc, which is valued at around $8–9 billion in Seoul. … Read more