Latest news with #HeroFinCorp
The Hindu
05-07-2025
- Business
- The Hindu
Scholarships: July 5, 2025
Mohan T. Advani Centennial Scholarship An initiative of the Blue Star Foundation Eligibility: First- and second-year students of a degree/diploma programme Architecture and Engineering (excluding Civil Engineering) who have scored minimum 80% in Class 10 and 12 and 75% in the first-year and have an annual family income of less than ₹600,000. Rewards: ₹1,00,000 or 75% of the annual fees (whichever is less) for engineering and architecture students and ₹40,000 or 90% of the annual fees (whichever is less) for diploma students Application: Online Deadline: July 15 Raman Kant Munjal Scholarship An initiative from the Raman Kant Munjal Foundation, supported by Hero FinCorp. Eligibility: Indian nationals enrolled in a finance-related degree such as BBA, BFIA, BMS, IPM, B.A. Economics or others and have got minimum 80% marks in classes 10 and 12 and have an annual family income of less than ₹600000. Rewards: Between ₹40,000 to ₹ 5,50,000 per year for three years Application: Online Deadline: July 31 Bharti Airtel Scholarship An initiative of the Bharti Airtel Foundation Eligibility: Indian citizens who have been admitted into the first year of a UG or five-year Integrated course in Electronics and Communication, Telecom, Information Technology, Computer Sciences, Data Sciences, Aerospace and Emerging Technologies in one of the top 50 NIRF-ranked Engineering institutes with an annual family income of less than ₹850000. Girls, persons with disabilities, orphans, single-parent children and transgender students will be given preference. Rewards: 100% of annual fees for the course. Application: Online Deadline: July 31 Courtesy:
Time of India
24-06-2025
- Business
- Time of India
Indian bonds jump as traders lap up debt after Israel-Iran ceasefire
An Israel-Iran ceasefire and the ensuing slump in oil prices boosted Indian government bonds on Tuesday, as traders resumed buying and covered short positions. The yield on the benchmark 10-year bond ended over 5 basis points lower at 6.2504%, the sharpest decline since May 13. The five-year 6.75% 2029 bond yield was at 5.9870%, versus its previous close of 6.0304%. Yields move inversely to bond prices. Bonds Corner Powered By Indian bonds jump as traders lap up debt after Israel-Iran ceasefire An Israel-Iran ceasefire and the ensuing slump in oil prices boosted Indian government bonds on Tuesday, as traders resumed buying and covered short positions. De-escalation of Iran-Israel conflict pushes oil down, aids India bond bulls Hero FinCorp plans first offshore bond issuance to raise $300 million L&T lists India's 1st ESG bonds on NSE, raises Rs 500 crore Indian rupee, bonds under pressure as US strike on Iran deepens Middle East conflict Browse all Bonds News with U.S. President Donald Trump announced on Monday a ceasefire between Israel and Iran. Both Israel and Iran confirmed the ceasefire, but reports of a violation hours later raised some doubts about the truce. Still, global markets were largely relieved by the prospect of an end to the 12-day war. Live Events Brent crude was down nearly 2.7% at $69.52 per barrel in Asian hours, after easing over 7% on Monday. "The tensions are dying down after the ceasefire," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank . "Commodity prices are also cooling down, so local factors like demand and supply should take precedence now." He expects the yield on the new 10-year bond to be rangebound between 6.20% and 6.30% in the near term. Meanwhile, India's banking system liquidity surplus shrunk to its lowest in three weeks due to tax outflows. The surplus was at 2.44 trillion rupees($511.50 billion) on Monday. RATES The Indian overnight index swap (OIS) rates declined across tenors on Tuesday, in line with government bond yields. Traders recommended receiving the most liquid 5-year OIS rate, with a view that the rate could extend its slide if oil prices fell further. The one-year OIS rate ended 4 basis points lower at 5.48% and the two-year OIS rate fell by 6 basis points to 5.47%. The liquid five-year dropped 8 basis points to 5.67%. ($1 = 86.0220 Indian rupees)
Time of India
24-06-2025
- Business
- Time of India
Hero FinCorp plans first offshore bond issuance to raise $300 million
Mumbai: Hero FinCorp is exploring its first-ever offshore bond issuance and could raise up to $300 million through a dollar-denominated bond , according to people familiar with the matter. The company, an NBFC of the Hero Group, conducted non-deal roadshows in Hong Kong and Singapore last week, arranged by HSBC, to assess investor appetite for the proposed issue. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo While the timing and structure of the issuance are yet to be finalised, the deal is under active consideration. The potential offering follows the company's $200 million syndicated loan discussion in April. Hero FinCorp is looking to diversify its funding base beyond home before its planned initial public offering . Bonds Corner Powered By Hero FinCorp plans first offshore bond issuance to raise $300 million Hero FinCorp is considering its inaugural offshore bond issuance, potentially raising up to $300 million through a dollar-denominated bond. The NBFC, part of the Hero Group, recently conducted roadshows in Hong Kong and Singapore to gauge investor interest. L&T lists India's 1st ESG bonds on NSE, raises Rs 500 crore Indian rupee, bonds under pressure as US strike on Iran deepens Middle East conflict India bonds to fall as oil spike fears heighten after US attacks Iran US strikes on Iran expected to weaken rupee and bond yields Browse all Bonds News with Hero FinCorp is the lending arm of Hero MotoCorp, India's largest two-wheeler manufacturer. Nearly one-third of Hero FinCorp's business comes from Hero MotoCorp and its affiliates. Two-wheeler loans account for about 16% of the company's total AUM, as of last year,. A Hero FinCorp spokesperson did not respond to requests for comment. On May 16, Moody's affirmed Hero FinCorp's Ba1 rating with a stable outlook, given the continued support from the promoter group. The firm has also secured regulatory approval from the Securities and Exchange Board of India (Sebi) to raise ₹3,668 crore via IPO. Live Events
Entrepreneur
16-06-2025
- Business
- Entrepreneur
Hero FinCorp Raises INR 260 Cr in Pre-IPO Round
This fundraising has led the company to reduce its fresh issue size to INR 1,840 crore from the previously planned INR 2,100 crore. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Hero FinCorp, the financial services arm of Hero MotoCorp, has raised INR 260 crore through a pre-IPO placement round ahead of its proposed public offering. The company allotted 18.57 lakh shares at INR 1,400 per share on June 13 to 12 investors, as per a public filing. This fundraising has led the company to reduce its fresh issue size to INR 1,840 crore from the previously planned INR 2,100 crore. Consequently, the total IPO size now stands at INR 3,408 crore, down from the earlier INR 3,668 crore. The offering includes an INR 1,568 crore offer-for-sale (OFS) by existing investors such as AHVF II Holdings Singapore II, Apis Growth II (Hibiscus), Link Investment Trust (through Vikas Srivastava), and Otter Ltd. Among major participants in the pre-IPO round were Shahi Exports (INR 69 crore), RVG Jatropha Plantation (INR 50 crore), Mohan Exports (INR 25 crore), and AP Properties (INR 22 crore). Other notable investors included Vivek Chaand Sehgal, Tiger Laser Pte, and Yugal Chit Fund. In May, Hero FinCorp received approval from market regulator SEBI to launch its IPO. Proceeds from the fresh issue will be used to strengthen its capital base and support future lending activities. Hero FinCorp is a non-banking financial company (NBFC) offering financial products primarily to retail and MSME customers. As of March 2024, it had assets under management (AUM) of INR 51,821 crore, with retail and MSME loans making up 65% and 21% of the portfolio respectively. Founded in 1991, the company now serves over 1.18 crore customers across India.
Time of India
16-06-2025
- Business
- Time of India
Hero FinCorp raises Rs 260 crore in pre-IPO round
New Delhi: Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has raised Rs 260 crore in a pre-IPO placement round. This fund mobilisation led to a reduction in fresh issue size to Rs 1,840 crore from the earlier planned Rs 2,100 crore. The total IPO size now stands at Rs 3,408 crore, which includes a Rs 1,568 crore offer-for-sale by existing investors. This marks a reduction from the earlier planned Rs 3,668 crore.
