According to a report by Reuters banks advising Hyundai on its India IPO are set to earn up to $40 million in fees, the second-highest fee ever for IPOs in India. This comes as Hyundai Motor's India unit filed for regulatory approval for a listing, potentially raising $2.5-$3 billion at a valuation of up to $30 billion.

Hyundai India IPO nets banks $40 Mn

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Hyundai India IPO nets banks $40 Mn