Hero FinCorp raises Rs 260 crore in pre-IPO round
Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has raised Rs 260 crore in a pre-IPO placement round. This fund mobilisation led to a reduction in fresh issue size to Rs 1,840 crore from the earlier planned Rs 2,100 crore.
The total IPO size now stands at Rs 3,408 crore, which includes a Rs 1,568 crore offer-for-sale by existing investors. This marks a reduction from the earlier planned Rs 3,668 crore.
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