Hero Motors plans a ₹1,000 crore IPO for expansion and debt repayment. The company’s promoter stake will decrease significantly after the initial public offering. Its revenue share from the EV segment is projected to grow substantially. Hero Motors supplies integrated powertrain solutions to global automotive manufacturers. Investors with a high-risk appetite may consider this upcoming public offering.
Oil Price Today (September 16): Crude oil hovers below $109 despite rising Saudi supply concerns. $120 soon?
Investors are now watching how long Saudi Arabia’s East-West pipeline will remain out of operation. Drone strikes forced the pipeline to shut last week, and