Hyundai Motor India set to price shares at top of range to raise $3.3 billion, sources say

(Reuters) – Hyundai Motor India is set to price its shares at 1,960 rupees to raise $3.3 billion in its initial public offering, according to two sources with direct knowledge of the matter.

That price is at the top of the 1,865 rupees to 1,960 rupees range flagged to investors when the deal was launched.

Hyundai India is selling 142.2 million shares, according to the company’s filings, which will make it the largest IPO ever in India by the amount raised.

(Reporting by Kane Wu in Hong Kong and Scott Murdoch in Sydney; Editing by Tom Hogue)