Bain, GIC poised to take stake in India’s Hero Honda
Bain Capital and the Government of Singapore Investment Corporation (GIC) are reportedly nearing a deal with Hero Honda’s promoters, the Munjal family, to buy an up-to 12% minority stake in the motorcycle company. According to local and global reports, the deal could be worth up to $1.75 billion.
According to the Financial Times, the Munjal family requested the stake buyers to pay INR1,500-1,650 ($33-36.4) a share, with the raised capital going toward the Munjals as opposed to the company or its...
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