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Bain Cap selling $200 mn worth of shares in Hero MotoCorp

Bain Capital is selling nearly 4.3 million shares in India’s biggest maker of motorcycles and scooters at a price range Rs 2,859.58 to Rs 2,963.30, the term sheet showed.

US private investment firm Bain Capital is selling USD 200 million worth of shares in Hero MotoCorp Ltd , with an option to sell more, according to a term sheet seen by Reuters.

Bain Capital is selling nearly 4.3 million shares in India’s biggest maker of motorcycles and scooters at a price range Rs 2,859.58 to Rs 2,963.30, the term sheet showed.

The Bain Capital arm selling the stake owned about 11.5 million shares of Hero MotoCorp as of end-September, or about 5.77 percent, according to stock exchange data.

Indian markets were closed on Thursday for a holiday.

Hero Motocorp stock price

On November 05, 2014, Hero Motocorp closed at Rs 2957.35, down Rs 53.4, or 1.77 percent. The 52-week high of the share was Rs 3144.00 and the 52-week low was Rs 1907.00.


The company’s trailing 12-month (TTM) EPS was at Rs 120.45 per share as per the quarter ended September 2014. The stock’s price-to-earnings (P/E) ratio was 24.55. The latest book value of the company is Rs 280.43 per share. At current value, the price-to-book value of the company is 10.55.

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