Hyundai’s proposed public issue involves its Korean parent company selling a 17.5% stake in the Indian subsidiary, raising up to $3 billion. This repatriation of capital is not expected to adversely impact India’s foreign exchange reserves or exchange rate. For Indian businesses, this public issue presents a range of opportunities. Investors gain access to a stake in India’s second-largest car maker, which has strong research and development capabilities backed by its foreign parent. The move also diversifies investment options beyond the current limited and sometimes questionable companies. Additionally, the public issue will stimulate various sectors within the Indian stock market ecosystem, including merchant banks, brokerages, corporate law firms, rating agencies, analysts, and investment pools, driving additional business and enhancing market activity. Overall, the potential benefits for the Indian business environment far outweigh any potential downsides.