Hero Motors gets SEBI nod for ₹1,200 crore IPO, to repay debt
Hero Motors received SEBI approval for its ₹1,200 crore IPO, including an ₹800 crore fresh issue and a ₹400 crore offer for sale. The company will use the funds to repay loans, upgrade equipment at its Gautam Buddha Nagar plant, explore acquisitions, and meet general corporate needs. The IPO will also include a possible ₹160 crore pre-IPO placement.