GIC and US equity firm eye Indian motorbike maker: FT

AFP
SINGAPORE — US private equity firm Bain Capital and the Government of Singapore Investment Corp (GIC) are nearing agreement to buy a minority stake in Indian motorcycle-maker Hero Honda, according to the Financial Times.
The newspaper, quoting anonymous sources familiar with the matter, on Tuesday said the expected transaction could be worth up to $1.75 billion. Full story

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Govt of Singapore eyes 7-8% stake in Hero Honda - Moneycontrol.com
Hero to sell 12% to Bain, GIC combine: Sources - Moneycontrol.com