Alternative investment firm Bain Capital has sold one-third of its stake in India-listed motorcycle and scooter manufacturer Hero MotoCorp for about US$250 million. The shares were sold on 13 June 2014 to investors in the United States, Europe and Asia at an average price of INR2,627 (approximately US$44) per share, a three percent discount to Hero MotoCorp’s closing price on 12 June. Bain Capital, which originally acquired the stake in 2011 through its affiliate BC India Investors II, held an 8.6 percent stake in the company as of March 2014.