Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion.
Related Posts
Sensex closes above 83,000 for 1st time
Benchmark Sensex rose by nearly 91 points to close at a fresh lifetime high of 83,080. Nifty also settled above the 25,400 level for the […]
Air India pays tribute to Ratan Tata with touching in-flight announcement- video
Tata group of Airlines, which includes Air India, Air India Express, and Vistara, made in-flight announcements to honor Ratan Tata, who passed away at 86. […]
Forex reserves drop $3.7 billion in week, most since start of August
India’s foreign exchange reserves fell by $3.7 billion to $701.2 billion in the week ended Oct 4, marking the first decline in eight weeks. The […]