Hero FinCorp, the financial arm of Hero MotoCorp, has received SEBI’s approval for a Rs 3,668 crore IPO. The IPO comprises a fresh issue of shares worth Rs 2,100 crore and an Offer For Sale of Rs 1,568 crore by existing investors. The capital raised will fuel the company’s lending activities. Hero FinCorp boasts a customer base of 1.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets