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Hero Motors Files for Rs 900 Crore IPO with Fresh Issue and OFS

Hero Motors Files for Rs 900 Crore IPO with Fresh Issue and OFS

Hero Motors, supported by South Asia Growth Invest, has filed papers with SEBI for a Rs 900 crore IPO. The offering includes a fresh equity issue worth Rs 500 crore and a Rs 400 crore offer-for-sale (OFS) by promoters.

Promoter O P Munjal Holdings will sell Rs 250 crore worth of shares, while Bhagyoday Investments and Hero Cycles will offload Rs 75 crore each. The company may explore a pre-IPO placement of Rs 100 crore, which would reduce the fresh issue's allocation for general corporate purposes if completed.



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