The financial services arm of Hero MotoCorp, the biggest two-wheeler manufacturer in India, has approved the ₹4,000 crore initial public offering (IPO). This information was released by the firm on May 29.
A new share offering as well as an offer for sale from current shareholders will both be part of the IPO.
A meeting on May 29, 2024, saw the Board of Directors of Hero FinCorp Limited, a division of Hero MotoCorp Limited, approve moving forward with an IPO, per the company’s registration.