LG Electronics Is Said to Pause Work on IPO of Indian Unit (1)

LG Electronics Inc. has paused work on the initial public offering of its Indian unit, partly because of volatility in markets, according to people familiar with the matter.

The South Korean company told advisers that the unit’s IPO — previously expected to take place as soon as May — could be postponed, the people said, asking not to be identified because the deliberations are private. LG Electronics may decide to resume the share sale if market conditions improve, they said.

Considerations are ongoing and no final decision has been made, the people said.

An LG Electronics representative in Seoul said ...