Hero FinCorp, the consumer finance arm of Hero Moto-Corp, is looking to sell up to 10% stake in the company to raise about $120 million (little over Rs 800 crore), people aware of the matter said. The deal could value Hero FinCorp at about $1.2 billion, or more than Rs 7,800 crore. “Hero FinCorp has appointed Credit Suisse as their investment banker and has also approached some private equity firms,” said a banker close to the development. “There is a lot of interest for NBFCs from PE .. Read more at: http://economictimes.indiatimes.com/articleshow/50711078.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesHero FinCorp in talks with PE firms to raise Rs 800 crore via 10% stake sale.
Industry: Financial services 2016-01-25
