Hero FinCorp approves ₹4,000 crore IPO including fresh issue, offer for sale
Hero FinCorp Ltd (HFCL), a subsidiary of Hero MotoCorp Ltd, on Wednesday (May 29) said its board of directors approved a ₹4,000 crore Initial Public Offering (IPO) of equity shares with a face value of ₹10 each.
“the IPO comprises of a fresh issue of equity shares aggregating up to ₹40,000 million and an Offer for Sale of Equity Shares by certain existing and eligible shareholders of the company,” it said.
The IPO will include a fresh issue of equity shares, along with an offer for the sale of equity shares by certain existing and eligible shareholders.
A non-banking financial company, HFCL primarily deals in financing retail and corporate customers through products including two-wheeler financing, term loans, working capital loans, loans against property, bill discounting, leasing, etc.
