Apollo will end up owning a 9%-11% stake in the NBFC on a fully diluted basis and have a board seat. Other than flagship Hero MotoCorp that owns 40% of the company, the Munjal family, the promoters of Hero MotoCorp also have substantial shareholding in Hero Fincorp of 30-35%.source https://economictimes.indiatimes.com/industry/banking/finance/apollo-global-set-to-invest-125-mn-in-hero-fincorp/articleshow/89331119.cms
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