MUMBAI — Hyundai Motor India closed its oversubscribed initial public offering on Thursday, raising $3.3 billion, making it the largest such deal in the country.
The IPO also hit other milestones: it will become the world's second largest company this year, behind Lineage Inc., which listed on the Nasdaq at $4.44 billion in July; this is the South Korean automaker's first listing of a unit outside its home country; and the first Indian automaker IPO since market leader Maruti Suzuki debuted in 2003.