Diabytes
Hero MotoCorp shares News
)
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.
)
Morgan Stanley is the sole bookrunner for the deal
)
Stocks of Hero MotoCorp Thursday fell by nearly 4 percent after US-based Erik Buell Racing, in which the two-wheeler giant had a substantial stake, filed for bankruptcy -- a development that may affect the Indian firm's plans in the American markets.
Controlling shareholders of Hero MotoCorp Ltd, India`s biggest maker of motorcycles and scooters, plan to sell $300 million worth of shares later in the day, according to a term sheet seen by Reuters.
The private equity firm is offering the Indian company`s shares in the indicative price band of 2,582 rupees to 2,717 rupees each, it said, a discount of as much as 5 percent from its closing price on Thursday.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
