Hero Motors to raise ₹600 crore via fresh issue
Hero Motors plans to raise ₹600 crore through a fresh issue for capex, debt repayment and strategic investments, and ₹400 crore via an offer for sale. The promoter group's stake is expected to fall to 61.1% after the transactions.
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04:16:55 AM UTC
SquawkNews
Hero Motors is Riding Smoothly, There's a Long Way to Go Though
Hero Motors, an automotive company, plans to raise 600 crore through a fresh issue for capital expenditure, debt repayment and strategic investments. It will also raise 400 crore through an offer for sale. 1% after the issue.