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- Important
- Financial Update
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Hero FinCorp Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has completed a Pre-IPO private placement, allotting 357,142 equity shares at an issue price of ₹1,400 per share to Vattikuti Ventures LLC for ₹50 crore. This reduces the fresh issue size in the upcoming IPO to ₹1790.01 crore. The IPO comprises a fresh issue and an offer for sale aggregating up to ₹3668.13 crore. The company has filed its Draft Red Herring Prospectus and highlighted associated investment risks.