Hero MotoCorp has received approval for investment of up to Rs 450 crore in its associate company Hero FinCorp (HFCL) by subscribing to the issue of shares by way of private placement in one or more tranches. The Board of Directors of the company at their meeting held on November 05, 2019, approved the same.
Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
