Apollo Global set to invest $125 mn in Hero FinCorp

Apollo will end up owning a 9%-11% stake in the NBFC on a fully diluted basis and have a board seat. Other than flagship Hero MotoCorp that owns 40% of the company, the Munjal family, the promoters of Hero MotoCorp also have substantial shareholding in Hero Fincorp of 30-35%.

from Banking/Finance-Industry-Economic Times https://ift.tt/HKbrBANIt