Page 5 - Latest Updates on LG Electronics
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 India posts 7% revenue growth, 12% rise in profit for 2024")
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")
LG MyView review: Productivity-focused monitor with TV capability built-in
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
 "LG MyView review: Productivity-focused monitor with TV capability built-in")
Premium TVs to drive growth in segment for LG, expects to grow at 30%
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
 "Premium TVs to drive growth in segment for LG, expects to grow at 30%")
LG launches webOS based MyView Smart Monitors in India: Price, models, more
Offered in 27-inch and 32-inch display options, the LG MyView Smart Monitors are priced at Rs 24, 500 onwards
 "LG launches webOS based MyView Smart Monitors in India: Price, models, more")
LG enters self-laundry service in India, to invest $4 million in 2024
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
LG unveils QNED 83 series smart TVs in India: Know price, features and more
The LG QNED 83 series features 120Hz refresh rate displays with support for Dolby Vision
 "LG unveils QNED 83 series smart TVs in India: Know price, features and more")
LG Gram 16 review: Big display, strong performance, and lightweight design
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
 "LG Gram 16 review: Big display, strong performance, and lightweight design")
LG launches XBoom series of speakers, Tone Fit TF7 wireless earphones
The LG Tone fit TF7 will be available for purchase starting from August onwards, with a starting price of Rs 12,500
 "LG launches XBoom series of speakers, Tone Fit TF7 wireless earphones")
India to see LG's highest sales growth globally this year: MD Hong Ju Jeon
LG India will boost localisation of its products by increasing the use of locally produced components from 50% to 70%
LG launches Gram series laptops, Ultra PC in India: Price, specs, and more
The 2023 LG Gram line-up includes LG Gram (17Z90R, 16Z90R, and 14Z90R), LG Gram Style (14Z90RS), LG Gram 2-in-1 (16T90R), and LG UltraPC (16U70Q)
 "LG launches Gram series laptops, Ultra PC in India: Price, specs, and more")
LG S95QR 9.1.5 sound bar review: Expansive audio for cinema-like experience
At Rs 109,990, the LG S95QR is one-of-its-kind 9.1.5 channel sound bar audio system. It is feature-packed with everything that one expects from a premium home-theatre audio system
 "LG S95QR 9.1.5 sound bar review: Expansive audio for cinema-like experience")
Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG
The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries
 "Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG")
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
In October, Hyundai Motor Group began the construction of a 300,000-unit-a-year EV and battery plant in Georgia, aiming to begin commercial production in the first half of 2025
 "Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant")