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UPDATE 1-India's Hero MotoCorp to merge with investment arm
* Bain to hold 8.58 pct, GIC to hold 3.71 pct in Hero * Merger subject to approval from court, shareholders * Hero to invest $463 mln in 2 new plants by fall 2013 (Adds details, quotes) NEW DELHI/MUMBAI, June 4 (Reuters) - Hero MotoCorp , India's largest two-wheeled vehicle manufacturer, has approved a proposal to merge the investment arm of its parent into the automaker, the company said,
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