LG Electronics is considering an initial public offering (IPO) for its Indian subsidiary, LG Electronics India Pvt Ltd (LGEIL), aiming to capitalize on strong sales in the Home Appliance Division and raise significant funds, particularly targeting European markets. The South Korean conglomerate has engaged foreign investment banks and local law firms, potentially including JP Morgan and Morgan Stanley, to facilitate the IPO. LGEIL, valued between $2.1 billion and $4.3 billion, plans to sell existing shares, possibly held by Hyundai Motors, rather than issuing new ones, with expectations to raise at least $500 million.