Apollo commits $125m to India's Hero FinCorp
Apollo Global Management has invested USD 125m in Hero FinCorp, an Indian non-banking financial company (NBFC) controlled by local two-wheeler manufacturer Hero Motorcorp.
Hero Group, the parent of Hero Motorcorp, contributed a further USD 142m, according to a statement. Prior to this funding round, Hero Motorcorp held a 41.19% stake in Hero Fincorp. The proceeds will help...
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