Mumbai: (HFCL), the lending arm of two-wheeler giant , is looking to raise $200 million through a and has mandated to lead the deal, according to people familiar with the matter. The non-bank lender recently held a roadshow in Taipei to gauge investor appetite, the people said, asking not to be identified.
The fundraise comes as Hero FinCorp’s planned ₹3,668 crore IPO faces delays in receiving slowing its capital raising plans. “The is being raised to support the company’s loan business,” a source said. “It has mandated DBS Bank to syndicate loan, which has started road shows in Taipei.”
A DBS spokesperson declined to comment while Hero FinCorp did not respond to requests for comment. Hero FinCorp’s proposed IPO is facing delays as the company awaits regulatory clearance. ET had reported the IPO is facing delays as Sebi is looking into “some breach of rules” before granting approval.