Hero Electric taps GII, credit funds for INR 550 cr
According to sources in the know, the company is attempting to raise Rs 300 crore from existing backer GII and tie up the remaining funding of about Rs. 250 crore in form of debt for which it has tapped the credit fund arms of Edelweiss and Kotak. Hero Electric has offered to provide a land parcel in Gurugram as security to potential financiers.
Tags : Hero Electric gii credit funds Gulf Islamic Investments electric two-wheeler Investments potential financiers indigenisation
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