Hero Motors withdraws documents for Rs 900cr IPO

Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion.

Oct 8, 2024 - 05:00

Hero Motors withdraws documents for Rs 900cr IPO

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion.