Hero Motors Limited Withdraws INR 900 Crore IPO DRHP Before SEBI’s Approval
Hero Motors Limited withdrew its draft for INR 900 crore IPO before SEBI could approve it.
Hero Motors Limited has withdrawn its Draft Red Herring Prospectus (DRHP) for its planned INR 900 crore Initial Public Offering (IPO), according to the SEBI's latest processing status. The withdrawal occurred on October 5, 2024. Initially, the IPO was expected to include a fresh issue of INR 500 crore and an offer for sale (OFS) worth INR 400 crore from the promoters. Ola Electric Scooter Issue: Bhavish Aggarwal-Led Ola Electric’s Share Crashes to INR 90 As Angry Customers Flood Social Media.
Hero Motors Limited INR 900 Crore IPO Draft Withdrawn
#JustIn | #SEBI: #HeroMotors withdraws #DRHP for #IPO pic.twitter.com/NekBeXdeaq
— CNBC-TV18 (@CNBCTV18Live) October 7, 2024
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(The above story first appeared on LatestLY on Oct 07, 2024 05:00 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
