Private equity firms Multiples, ChrysCapital, Creador Capital, Baring Asia and Partners Group are in race to buy a 10% stake in Hero FinCorp, the vehicle finance arm of top two-wheeler maker Hero MotoCorp.
Hero is expecting to fetch around $120 million, or little more than ₹800crore, from the stake sale and the deal would value Hero FinCorp (HFCL) at about $1.2 billion, or more than ₹8,000 crore.
- Source "The Economic Times"
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