Bain nets $400m through part-exit from India’s Hero MotorCorp
Bain Capital has completed a second partial exit in five months from Indian motorcycle manufacturer Hero MotorCorp, raising INR24.5 billion ($400 million).
The private equity firm sold approximately 8.5 million shares at INR2,874 apiece, a 3% discount to the November 5 closing price, according to a regulatory filing. The initial plan was to raise $200 million...
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