Bain close to stake buy in India's Hero Honda-report

Newswire

MUMBAI, Jan 31 (Reuters) - U.S. private equity firm Bain Capital and the Government of Singapore Investment Corp are close to buying a minority stake in India's largest motorcycle maker Hero Honda , the Financial Times reported on Monday. The deal could be worth as much as $1.75 billion, the report on FT's website said, quoting unnamed people familiar with the matter. The buyers are expected to receive only one board seat, the report said. Last month, Hero Group's founders agreed to buy ...

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