MoneyWorks4Me

Hero MotoCorp’s promoter sells 4% stake for Rs 1,864 crore

19 Feb 2015 Evaluate

In a bid to explore new avenues under the ‘Make in India’ programme, the Hero Group has raised Rs 1,864 crore by selling stake of around 4% in two-wheeler arm, Hero MotoCorp. The promoter group sold 70 lakh shares, and now holds over 36% stake in the company compared with 39.92% earlier.

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

5687.45 -49.55 (-0.86%)
19-Aug-2026 13:43 View Price Chart
Peers
Company Name CMP
Bajaj Auto 11670.00
TVS Motor Company 4364.10
Hero MotoCorp 5687.45
Eicher Motors 8005.15
Ather Energy 1451.00
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