Hero FinCorp gets Sebi approval for Rs 3,668 crore IPO

Hero FinCorp, Hero MotoCorp's financial arm, has received SEBI's approval for its Rs 3,668 crore IPO. The IPO includes a fresh issue of shares worth Rs 2,100 crore and an offer for sale of Rs 1,568 crore by existing investors. The company intends to use the fresh issue proceeds to strengthen its capital base for future lending operations.

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