| From Moneycontrol.com: After deciding to end its 26-year association with Honda late last year, the Munjal family promoted Hero Group is looking to sell part of its stake that it acquired from Honda to Government of Singapore Investment Corporation (GIC) and private equity firm Bain Capital, reports CNBC-TV18's Kritika Saxena citing sources. GIC and Bain are likely to invest up to Rs 4,500 crore in Hero Investments.
Sources said the deal is valued at a premium to the current market price and is structured via a Singapore-based special purpose vehicle. The Munjal family, sources said, will hold at least 50% in the SPV...............................................Full Article: Source
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