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Hero FinCorp files DRHP to raise funds via IPO
Hero FinCorp, the financial services arm of Hero MotoCorp, has filed its DRHP with SEBI for an initial public offering (IPO). The IPO will include a fresh issue of shares worth Rs 2,100 crore and an offer for sale worth Rs 1,568 crore. Proceeds will be used to fund future capital requirements, especially for onward lending.
