India IPO gold rush becomes foreign firms’ cash-out machine
timesofindia.com / Jun 04, 2026, 20:33 (IST)
Foreign firms are increasingly cashing out of India's booming IPO market, pocketing billions instead of raising capital for expansion. Recent listings, including major players like Hyundai and LG, saw over $5 billion flow overseas. This trend, driven by high valuations, raises concerns about capital outflows and the rupee's stability, with policymakers questioning IPOs as exit routes.