Page 4 - Latest Updates on LG Electronics
LG Electronics India receives Sebi approval for Rs 15,000 crore IPO
The Indian arm of the Seoul-headquartered home appliances and electronics company could roll out its ~15,000 crore maiden share sale once market conditions turn conducive, sources said
 "LG Electronics India receives Sebi approval for Rs 15,000 crore IPO")
Tata Capital likely to seek record $11 billion valuation in upcoming IPO
Tata Capital's board last week approved the listing of as many as 230 million shares, along with an offer for sale of equity by existing shareholders
 "Tata Capital likely to seek record $11 billion valuation in upcoming IPO")
IPO Rush: Hero Fincorp, LG Electronics, 64 others aim for D-street debut
A total of 66 companies have submitted applications for IPOs, with highly anticipated offerings from Hero Fincorp and LG Electronics awaiting approval from the capital market regulator, Sebi
 "IPO Rush: Hero Fincorp, LG Electronics, 64 others aim for D-street debut")
LG Electronics kicks off roadshows to launch $1.5 bn India IPO this year
Bloomberg has also reported the IPO could raise $1 billion to $1.5 billion and value LG India at as much as $15 billion
 "LG Electronics kicks off roadshows to launch $1.5 bn India IPO this year")
Tech wrap Jan 23: Samsung Galaxy S25 series, Google Gemini, LG soundbars
Samsung Galaxy S25 series pre-orders. Google Gemini-based AI agent. LG Premium soundbars launched. New Galaxy AI features. YouTube Premium experimental features
 "Tech wrap Jan 23: Samsung Galaxy S25 series, Google Gemini, LG soundbars")
LG launches premium soundbars with 3D spatial audio: Check price, details
Starting at Rs 69,990, new premium LG soundbars are available on the company's official website, select online platforms and offline retailers
 "LG launches premium soundbars with 3D spatial audio: Check price, details")
CES 2025: LG brings OLED evo TVs with built-in AI, new lifestyle projectors
LG has unveiled a new concept model with a floor lamp-inspired design that combines a projector with a Bluetooth speaker and LED mood lamp
 "CES 2025: LG brings OLED evo TVs with built-in AI, new lifestyle projectors")
CES 2025: LG to introduce on-device AI features with upcoming Gram laptops
LG's new AI features include a Microsoft's Recall-like "Time Travel" feature which will allow users to revisit web pages, documents, videos and audio files
 "CES 2025: LG to introduce on-device AI features with upcoming Gram laptops")
LG mulls raising India unit valuation to $15 bn from $13 bn ahead of IPO
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
 "LG mulls raising India unit valuation to $15 bn from $13 bn ahead of IPO")
LG Electronics India IPO: Strengths, weaknesses, and key details from DRHP
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
 "LG Electronics India IPO: Strengths, weaknesses, and key details from DRHP")
LG to set up new plant at Andhra, fears competition from parent entity
Besides, it is increasing the sourcing of raw materials from the local market, which is helping it meet consumer demands
LG India files DRHP with Sebi to raise Rs 15,000 crore through IPO
South Korean parent to sell 15% stake
 "LG India files DRHP with Sebi to raise Rs 15,000 crore through IPO")
LG Electronics India files for IPO; 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 Electronics India files for IPO; South Korean parent to sell 15% stake")
LG adds Axis Capital to arrange $1.5 billion for potential IPO listing
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
 "LG adds Axis Capital to arrange $1.5 billion for potential IPO listing")
LG Electronics India posts 7% revenue growth, 12% rise in profit for 2024
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
LG Electronics' FY24 revenue rises 7.5% to Rs 21,352 cr, profit grows 12.3%
The total tax expense of LG Electronics India in FY24 rose by 11.36 per cent to Rs 526 crore
LG Electronics picks banks for $1.5 billion listing of Indian unit
LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO
LG Electronics weighs IPO in India to help chase its $75 billion goal
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
 "LG Electronics weighs IPO in India to help chase its $75 billion goal")
Why are India's consumer durable makers locked in intense warranty war?
Brands are offering warranties on washing machines and dishwasher motors for up to 20 years, which are being marketed as 'lifetime' guarantees
 "Why are India's consumer durable makers locked in intense warranty war?")
LG Electronics plans IPO in India to boost fundraising, claims report
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
 "LG Electronics plans IPO in India to boost fundraising, claims report")
