Hero FinCorp, the financial services arm of India's leading two-wheeler maker Hero MotoCorp, has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).
The IPO will consist of a fresh issue of shares worth Rs 2,100 crore and an offer for sale of shares worth Rs 1,568 crore, ET Now reported.
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