Hero FinCorp plans to raise $200-million loan amid IPO delay

Hero FinCorp (HFCL), the lending arm of two-wheeler giant Hero MotoCorp, is looking to raise $200 million through a syndicated loan and has mandated DBS Bank to lead the deal, according to people familiar with the matter. The non-bank lender recently held a roadshow in Taipei to gauge investor appetite, the people said, asking not to be identified.

The fundraise comes as Hero FinCorp's planned ₹3,668 crore IPO faces delays in receiving regulatory approvals, slowing its capital raising plans. "The dollar loan is being raised to support the company's loan business," a source said. "It has mandated DBS Bank to syndicate loan, which has started road shows in Taipei."