Hero Electronix, backed by Suman Kant Munjal, plans to sell 30% stake in chip design firm Tessolve

MUMBAI: Hero Electronix, backed by Suman Kant Munjal, is planning to sell a 25-30% stake in Bengaluru-based semiconductor design and engineering company Tessolve, cashing in on the growing investor appetite in the space, said people aware of the matter. Munjal is chairman of Rockman Industries, one of the oldest Hero Group companies that manufactures automotive components.