LG Electronics IPO Allotment Status Live: LG Electronics under the lens after InGovern flags Rs 4,717 crore tax and royalty risks
LG Electronics India’s Rs 11,607 crore IPO, a 100% offer-for-sale by the Korean parent, faces scrutiny after InGovern flagged Rs 4,717 crore in disputed tax liabilities, ongoing royalty payments, and related-party transactions. The advisory firm warned that adverse outcomes could significantly impact future earnings. Post-listing, LG Electronics will retain 85% control, raising governance and minority shareholder concerns.