Hero Fincorp seeks Rs 3,668 crore via IPO for expansion plans
Hero Fincorp has filed a draft prospectus with SEBI for a Rs 3,668 crore IPO. The offering includes a fresh issue of shares worth Rs 2,100 crore and Rs 1,568 crore through an OFS.
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Hero Fincorp has filed a draft prospectus with SEBI for a Rs 3,668 crore IPO. The offering includes a fresh issue of shares worth Rs 2,100 crore and Rs 1,568 crore through an OFS.
Bajaj Finance will acquire 4,22,738 equity shares from Pennant's promoters and existing shareholders, as a part of the agreement. Additionally, they will obtain 5,71,268 Compulsorily Convertible Preference Shares (Series A CCPS) with a face value of Rs 100 each.