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The company is not looking for mergers and acquisitions, but is open to having a strategic investor who can bring some technical expertise
Topics
Hero Electric | Investors | Fundraising
Sohini Das |
Last Updated at January 22, 2023 18:18 IST
Hero Electric has also tied up with Japan’s Nidec to source electric motors.
India’s oldest electric two-wheeler manufacturer, Hero Electric, is in search of strategic or financial investors to raise nearly $250 million (around Rs 2,000 crore) to fund its expansion plans, a senior company executive said.
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First Published: Sun, January 22 2023. 18:11 IST
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