Hero Fincorp

Hero FinCorp IPO: At a price of Rs 1,400 per share, the subsidiary of Hero MotoCorp is valued at Rs 25,014 crore.

NBFC Hero FinCorp gets Rs 260 crore in pre-IPO round, reduces fresh issue size

Hero FinCorp IPO | Shahi Exports and RVG Jatropha Plantation are the largest investors amongst them, acquiring Rs 69 crore, and Rs 50 crore worth shares of Hero FinCorp in pre-IPO round, respectively. Further, Mohan Exports are allotted Rs 25 crore worth shares, and AP Properties Rs 22 crore shares by the company.

Hero FinCorp gets SEBI approval to launch Rs 3,668-crore IPO

Hero Fincorp IPO: The market regulator's approval comes months after the NBFC filed draft documents on July 31.

IPO-bound Hero Fincorp sees 80% rise in losses from bad loans, profit tumbles

As a result of its growing bad-loan problem, the NBFC's gross non-performing assets are seeing an upward trend again

Hero FinCorp approves Rs 4,000 crore IPO with fresh issue and offer for sale

The IPO will be a combination of fresh issue of shares and an Offer For Sale by existing shareholders.

RBI imposes Rs 3.10-lakh penalty on Hero Fincorp for rule violations

The RBI said the company did not convey the terms and conditions of loans in writing to the borrowers in the vernacular language understood by them.

Ahead of IPO, Hero FinCorp writes off bad loans worth around Rs 1,200 crore

Hero FinCorp recorded a 25 percent rise in AUM in the first nine months of FY24, which grew to Rs 49,127 crore, while disbursals rose 26 percent to Rs 24,979 crore

Hero FinCorp targets PAT of Rs 1,000 crore in FY25, says CEO Abhimanyu Munjal

Hero FinCorp's Assets under management (AUM) till December 2023 stood at Rs 49,127 crore compared with Rs 39,381 crore at the end of December 2022, an increase of 25 percent on a year-on-year basis.

Vehicle financing will be the biggest growth driver, says Hero MotoCorp CEO

As the penetration of financing improves, it will enable the inclusion of people from all strata of society, thereby driving growth and profitability for the two-wheeler segment, says Niranjan Gupta

Hero MotoCorp arm Hero FinCorp picks 8 i-banks for mega IPO of around Rs 4,000 crore

Hero MotoCorp owns around 40 per cent stake in Hero Fincorp, the promoters, the Munjal family hold around 35-39 per cent while the balance is held by private equity investors like Apollo Global, ChrysCapital, Credit Suisse and some dealers of HeroMoto Corp.

Hero MotoCorp to invest up to Rs 700 crore in Hero FinCorp

The investment is subject to execution of definitive documents and completion of certain conditions customary to a transaction of this nature, the two-wheeler major said in a regulatory filing.

NBFCs feel COVID-19 lockdown heat: Moody’s cracks the whip on three firms

The Indian NBFC industry has been affected given disruptions to economic activity from the coronavirus outbreak, which will weaken these companies' credit profiles, Moody's said.

Baring India, Bain & Hero FinCorp eye 10% stake in DHFL; Wadhawan may step down: Report

DHFL Chairman Kapil Wadhawan may step down from active management after the stake sale

Hero FinCorp mulls entry into non-life insurance biz: Report

Hero MotoCorp's financial arm Hero FinCorp Ltd is looking to enter non-life insurance business and acquire a major stake in an existing general insurance company, sources told Mint.

CarDekho.com ties up with Hero FinCorp for used car financing

Hero FinCorp, an NBFC, will utilise LoanBox, CarDekho's proprietary loan management platform, to provide seamless loan processing experience to potential borrowers on the CarDekho platform and its dealer network, said Girnar Software in a statement.

Hero FinCorp likely to pick-up Future Enterprise’s 50% stake in Future Generali: Sources

Hero FinCorp – the non-banking finance company and financial services arm of the Hero Group – may replace Future Enterprise in its insurance joint venture with Generali.

Hero MotoCorp up 1% on subsidiary‘s Rs 1,000-cr fundraising plan

Hero FinCorp, its retail lending arm, plans to raise Rs 1,000 crore in fresh round of funding, according to a report in CNBC-TV18. The money will be used for expansion of business and to diversify into non-organic areas.

Hero MotoCorp shares up over 3% as unit raises Rs 1,002 cr

Hero FinCorp yesterday raised Rs 1,002 crore from private equity firms ChrysCapital, Credit Suisse and also from its parent Hero Group to fuel expansion over the next 12-18 months.

Hero FinCorp raises Rs 1,002 cr from private equity firms

ChrysCapital has invested Rs 570 crore, Hero Group made an additional investment of Rs 300 crore and Credit Suisse of another Rs 132 crore.