Stake Sale Announcement

Hero FinCorp Ltd, a leading financial services provider, has announced the sale of its 6.67% equity stake in Forum I Aviation Private Ltd (FAPL) to Jubilant Infrastructure Ltd (JIL), a wholly-owned subsidiary of Jubilant Ingrevia Ltd. The transaction was approved during a board meeting on December 30 and forms part of Hero FinCorp’s ongoing strategic realignment.  

Optimizing Strategic Investments  

The sale of its equity stake in Forum I Aviation aligns with Hero FinCorp's focus on optimizing its investment portfolio and reinforcing its core financial services operations. FAPL, which operates private charter aircraft under a Non-Scheduled Airlines Permit, has been a valuable investment, recording a revenue of ₹27.32 crore in the financial year 2023-24.  

Transaction Overview  

The transaction, priced at ₹10.29 per share, represents a significant valuation for Forum I Aviation and ensures a smooth transfer of equity to Jubilant Infrastructure. The cash consideration from the deal will further strengthen Hero FinCorp’s financial position and support its growth initiatives in the financial services sector.  

Market Outlook  

Hero FinCorp’s divestment decision reflects its commitment to strategic agility and efficient capital allocation. By exiting this aviation-related investment, the company can reallocate resources to sectors that align more closely with its long-term vision.  

Positive Collaboration Outcome

The stake sale underscores the collaborative relationship between Hero FinCorp and Jubilant Infrastructure. With this transaction, both parties stand to benefit: Hero FinCorp from enhanced liquidity and strategic focus, and Jubilant Infrastructure from an increased stake in Forum I Aviation, furthering its expansion in the aviation industry.  

Hero FinCorp remains committed to exploring new opportunities and delivering value to its stakeholders while maintaining a strong and diversified portfolio.