Apollo Said to Weigh Tenneco India IPO at $2 Billion Valuation.

Apollo Global Management Inc. is reportedly exploring the possibility of launching an initial public offering (IPO) for Tenneco Inc.'s India business, potentially valuing it at $2 billion. The IPO, if pursued, could raise between $400 million to $500 million. This move follows a trend of companies listing their units in India, with more than $20 billion raised in IPOs in the country last year. Tenneco's recent sale of Öhlins Racing may help the company focus on core areas and reduce debt. [Extracted from the article]