Hero Motors Files 12B Rupee IPO to Expand, Cut Debt

  Published 9 months ago

Hero Motors files 12B rupee IPO to cut debt, expand; BMW, Ducati clients led by Munjal family.

  • Fresh shares: 8B rupees; existing shareholders sell 4 B.
  • Funds for Uttar Pradesh facility expansion and debt reduction.
  • 2024 net profit drops 67% despite a nearly 1% revenue rise.

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