NSEHero 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.
"This is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2024, has considered and approved the Initial Public Offering (IPO) of the equity shares of face value of ₹10 each," Hero FinCorp said.
"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.Shares of Hero Motocorp Ltd ended at ₹5,136.10, down by ₹50.75, or 0.98% on the BSE.
NSE
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."This is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2024, has considered and approved the Initial Public Offering (IPO) of the equity shares of face value of ₹10 each," Hero FinCorp said."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.Shares of Hero Motocorp Ltd ended at ₹5,136.10, down by ₹50.75, or 0.98% on the BSE.
