Hero MotoCorp up 1%; Bain to exit Munjal co via block deal

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26 Aug, 2025 12:21

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Shares of Hero MotoCorp were up 1.5 percent intraday on Thursday. The US private equity firm Bain Capital will sell shares in Hero MotoCorp via block deal to raise as much as USD 116 million. Bain launched the deal to sell 2.98 million Hero shares in the indicative price band of between Rs 2,570 and Rs 2,600, says Reuters.

After the deal, Bain will earn almost double of its investment made in Hero Moto four years ago.

In March 2008, Bain Capital bought 8.6 percent stake in Hero Moto for USD 550 million (Rs 2500 crore ) in June 2014. Bain sold 2.84 percent stake for  Rs 1481 crore in first tranche in Nov 2014, Bain sold 4.27 percent  stake for Rs 2500 crore in second tranche. It also earned Rs 320 crore dividend since 2011.

The PE firm with Lathe Investment (a unit of Singapore's sovereign wealth fund GIC) had invested in the two-wheeler major  to help the Munjal family buy out Honda Motor's 26 percent stake in the company. At 09:34 hrs Hero Motocorp was quoting at Rs 2,664.65, up Rs 18.85, or 0.71 percent on the BSE.