Hero Fincorp

Hero FinCorp files for Rs 3,668 crore IPO; Akums IPO subscribed over 50x

Among the selling shareholders for Hero FinCorp are AHVF II Holdings (Apollo Management), Apis Growth, Link Investment Trust, and Otter

NSE Indices launch India's first EV index; Awfis Space gains 9% on debut

Hero FinCorp mainly offers two-wheeler financing, leveraging 2,000 retail touchpoints of Hero MotoCorp

Recovery underway in financial sector, upgrades of 4 institutions: S&P

S&P Global Ratings on Tuesday said a strong recovery is underway in the Indian financial sector and upgraded four financial institutions, including Union Bank of India and Bajaj Finance. The move reflects S&P's view that domestic financial institutions in India will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in the operating conditions. "S&P Global Ratings today upgraded Bajaj Finance, Hero FinCorp, Shriram Finance, and Union Bank of India... A strong recovery is underway in the Indian financial sector," S&P said. S&P expects India's financial institutions, especially the public sector banks, to sustain their improvement in capital positions. Bank earnings will also likely be comparable to other emerging market peers, although margins could decline as the banks reprice deposits. "We expect earnings for our rated non-bank finance companies to remain healthy despite pressure from the rising cost of ...

S&P upgrades rating for Bajaj Finance, UBI, Shriram Finance & Hero Fincorp

The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions

Moody's affirms Hero FinCorp's long-term corporate rating at "Ba1"

Expects stable financial performance; Exposed to volatile asset quality like Small biz

CCI approves deal involving stake purchase in Hero FinCorp

The acquirer is owned by investment funds managed by affiliates of Apollo Management, L.P. Apollo Management, L.P., its affiliates, and investment funds managed by its affiliates

Two-wheeler maker Hero MotoCorp to invest up to Rs 700 cr in Hero FinCorp

The country's largest two-wheeler maker Hero MotoCorp on Monday said its board has approved to invest up to Rs 700 crore in Hero FinCorp Ltd (HFCL).

Top Headlines: RBI on NPAs, Urjit Patel on rift with govt, and more

Here are the top headlines of the day

Moody's downgrades Hero FinCorp ratings; outlook revised to negative

Today's rating action concludes the review for downgrade initiated on April 13, 2020, Moody's said in statement

Moody's extends review for downgrade on Hero FinCorp's Baa3 rating

The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults

Hero MotoCorp board clears Rs 450-cr investment in Hero FinCorp Ltd

The company's board has considered and approved an investment of up to Rs 450 crore in HFCL by subscribing to the issue of shares by way of private placement in one or more tranches

Moody's lowers outlook for SBI, HDFC Bank, 4 other financial institutions

The outlook was revised down for EXIM India, HDFC Bank, Hero FinCorp, HUDCO, IRFC, and SBI

Anil Ambani's Reliance Capital ends talks with Hero Fincorp on insurer sale

The sale of the fully-owned insurance unit is crucial for Anil Ambani

Hero FinCorp gets Rs 1,000 cr to grow loan portfolio

Hero FinCorp, a non-banking financial company and the second biggest business of Hero Group, has raised Rs 1,000 crore from ChrysCapital, Credit Suisse and the group promoters to expand finance to retail and corporate customers as it gears to become a complete financial services provider. The funds will be used to expand the credit services over the next 12-18 months from the current base of a million retail customers. The company was set up in 1991 as Hero Honda Finlease in 1991 and was rechristened to Hero FinCorp in 2011 after the split with long-time partner Honda. Private equity firm ChrysCapital Advisors has invested Rs 570 crore and Credit Suisse has brought in Rs 132 crore, its most prominent equity investment in the country. The promoters of Hero Group have infused Rs 300 crore. The NBFC, which has an asset size of Rs 8,000 crore, gets one-fourth of its business through financing purchases of Hero's two wheelers. Other segments are loans against property, home loans and loans

Hero FinCorp raises Rs 1,000 cr to expand credit services

The money was raised from ChrysCapital, Credit Suisse and promoters of Hero Group