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Hero MotoCorp’s promoter to sell 7 million shares: Report

18 Feb 2015 Evaluate

Hero MotoCorp’s promoter Brij Mohan Lal Om Prakash is reportedly planning to sell nearly 7 million shares of the company in open market transactions on February 18, 2015. The shares are offered at an indicative price band of Rs 2,664 to Rs 2,720, a discount of as much as 5% from its Monday's closing price of Rs 2,805.

As on December 31, 2014, Brijmohan Lall Munjal held 12.40 million shares or 6.21% stake in the company.

Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Hero MotoCorp Share Price

5321.50 -20.45 (-0.38%)
08-May-2026 16:59 View Price Chart
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