Hero FinCorp, the financial services arm of India's largest two-wheeler maker Hero MotoCorp, has approved an IPO for Rs 4,000 crore.

This is to notify you that, during their meeting on May 29, 2024, the Company's Board of Directors considered and approved the Initial Public Offering (IPO) of equity shares with a face value of Rs 10 each. The IPO consists of two parts: an offer by certain current and eligible shareholders to sell equity shares, and a fresh issue of equity shares up to Rs 4,000 crore. The company made this announcement in an exchange filing.