US private equity firm Bain Capital is reportedly all set to sell half of its holding in Hero MotoCorp, worth up to $393 million. Bain will offload 4.29% stake in the Delhi-based company, by selling 8.57 million shares through an accelerated book building offering. The stake will be sold through open market transactions on Friday and Citibank is the banker to the deal.
Bain has been an investor in Hero MotoCorp for about three and half years. As of March 31, 2014, Bain held 17.14 million shares in Hero MotoCorp - a stake of 8.58%. Excluding the company's promoters, BC India Pvt Investors II, Bain Capital's domestic outfit, is the single-largest shareholder in Hero MotoCorp. Even after the stake sale, it will continue to hold this position.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9770.40 |
| Hero MotoCorp | 5271.05 |
| TVS Motor | 3730.50 |
| Eicher Motors | 7160.00 |
| Ather Energy | 910.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: