Hero FinCorp approves Rs 4,000 crore IPO with fresh issue and offer for sale - Qoneqt
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    Asad Shaikh in Stock Market Update

    30 May 01:30 PM

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    Hero FinCorp approves Rs 4,000 crore IPO with fresh issue and offer for sale

    The IPO will be a combination of fresh issue of shares and an Offer For Sale by existing shareholders.
    Hero FinCorp - the financial services arm of India's largest two-wheeler maker Hero MotoCorp - has approved the Rs 4,000 crore IPO, a company statement said on May 29.

    The IPO will be a combination of fresh issue of shares and an Offer For Sale by existing shareholders.

    Earlier in October 2023, Moneycontrol had reported citing people familiar with the developmment that the targeted size of the proposed IPO could be around Rs 4,000 crore.

    Source - Money Control

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