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The deal will be for a consideration of Rs 4,500 crore, the filing said. The agreement envisages continuity of the current management team and investment processes at IDFC AMC.
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Shares of Hero MotoCorp rose by over 3 percent after its unit Hero FinCorp raised Rs 1,002 crore from private equity firms and also from its parent Hero Group to fuel expansion over the next 12-18 months.






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