NEW DELHI : Hero Future Energies Pvt. Ltd is exploring a fresh stake sale in its clean energy business and has asked HSBC to find a buyer, two people aware of the development said.
“The plan is at a preliminary stage with HSBC been asked to explore the opportunities available,” said one of the two people cited above requesting anonymity.
The size of the stake the promoters of unlisted Hero Future plan to sell and the valuation they are seeking could not be ascertained.
Rahul Munjal-led Hero Future plans to sell the stake to raise growth capital for the company’s expansion.
