Bain Capital Sells Its Remaining Stake in Hero MotoCorp via a Block Deal (Asia)
Source: VCCircle | Author(s): Shruti Ambavat
Global private equity firm Bain Capital has exited India-based motorcycle and scooter manufacturer Hero MotoCorp via a block deal for INR7.63 billion (approximately US$115 million). Bain sold all of its 2.95 million shares, representing a 1.5 percent stake in the company, with the bulk of the shares sold on the National Stock Exchange for INR2,591.25 (approximately US$38.83) per share. Bain originally invested in the company in 2011.