'K-pop' IPOs can drain Indian market liquidity: Ramesh Damani
Veteran investor Ramesh Damani, referring to upcoming Indian IPOs of major South Korean firms like Hyundai, said such "K-pop" issues could suck up lots of liquidity from the secondary market. "It will be a warning sign of trouble ahead," he added. Hyundai Motor India has reportedly received SEBI's approval to raise $3 billion in India's biggest IPO.