Hero FinCorp, the non-banking financial arm of two-wheeler giant Hero MotoCorp, has received regulatory clearance from the Securities and Exchange Board of India (SEBI) to proceed with its Rs. 3,668 crore Initial Public Offering. The public issue includes a Rs. 2,100 crore fresh equity raise and a Rs. 1,568 crore Offer For Sale by existing investors. The proceeds from the fresh issue will be allocated toward expanding the company’s capital base and strengthening its lending operations.