Webasto Eyes $400-500 Million IPO for Indian Unit by 2027

Webasto IPO India

Quick Look

German auto parts giant Webasto plans a $400-500 million IPO for its Indian unit by 2027, aiming to capitalize on India's booming car market, especially for sunroofs.
The unit, Webasto Roofsystems India, is expected to be valued at $2 billion.

AI-generated summary

Font size

German auto parts giant Webasto plans a $400-500 million IPO for its Indian unit by 2027, aiming to capitalize on India's booming car market, especially for sunroofs. The unit, Webasto Roofsystems India, is expected to be valued at $2 billion.

Read the full article on Economic Times

Amidst rising crude oil prices and renewed US-Iran tensions impacting the Strait of Hormuz, India's energy security is under scrutiny. While crude oil imports are diversified, LPG and LNG supplies, heavily reliant on the Middle East, face significant risks from shipping disruptions and increased costs.

Times of India

Developing·40m ago

India's Tech Sector Faces Potential Job Cuts of Up to 35,000 This Year

India's technology and software services sector may see up to 35,000 job eliminations this year due to increased focus on productivity and market competition. Staffing firms report 10,000-15,000 'silent layoffs' already occurred, with projections for the full year ranging from 25,000 to 35,000.

Economic Times

Urgent·40m ago

Global Oil Markets Face Chaos as Trump Declares Iran Ceasefire 'Over'

Global oil prices surged over 1% as US President Trump declared the ceasefire with Iran "over" and fresh US military strikes heightened fears of supply disruptions. Brent crude rose to $79.04 and WTI to $74.46.

Times of India

Developing·41m ago

PayU Eyes 25% Growth in TPV and Lending AUM, Targets Net Profit

Digital payments firm PayU anticipates a 25% expansion in total payment value and lending assets under management within 12-18 months, aiming for net profitability across its fintech operations. CEO Anirban Mukherjee projects Rs 6,700 crore revenue for FY26.

Economic Times

Developing·41m ago

CarDekho Parent Girnar Software Eyes IPO with Rs 3,000 Crore Target

Girnar Software, the parent company of auto-tech platform CarDekho, is preparing to file draft papers for an IPO in Q3, aiming for an issue size of up to Rs 3,000 crore. The offering will primarily be an OFS, with a small fresh issue component, targeting a valuation of Rs 13,000 crore.

Economic Times

Developing·42m ago

US States Prepare Lawsuit Against Paramount Over Warner Bros. Discovery Acquisition

Several US states, led by California, are preparing to sue Paramount over its $110 billion acquisition of Warner Bros. Discovery, citing concerns about competition law violations. Hollywood actors and theater owners also oppose the deal, fearing job losses and reduced consumer choice.

Economic Times

Webasto Eyes $400-500 Million IPO for Indian Unit by 2027

Quick Look

Related Topics

Related Stories

India's Energy Security: Crude Oil Diversified, but LPG and LNG Imports Need Watching Amidst Iran Tensions

India's Tech Sector Faces Potential Job Cuts of Up to 35,000 This Year

Global Oil Markets Face Chaos as Trump Declares Iran Ceasefire 'Over'

PayU Eyes 25% Growth in TPV and Lending AUM, Targets Net Profit

CarDekho Parent Girnar Software Eyes IPO with Rs 3,000 Crore Target

US States Prepare Lawsuit Against Paramount Over Warner Bros. Discovery Acquisition