Hero MotoCorp’s wholly owned subsidiaries and incorporated under the laws of Delaware, USA, ‘HMCL NA, Inc.’ and ‘HMCL Americas, Inc.’, have entered into a settlement agreement with the Receiver appointed by the Circuit Court, Wisconsin, US, in the matter filed by the Erik Buell Racing, Inc. and Erik Buell LLC.
As per the settlement agreement, HMCL Americas Inc. has agreed to acquire the ownership of certain tangible and intangible assets of the EBR Entities (as identified in the settlement agreement) free and clear of all encumbrances, for a consideration of $2.8 million. HMCL Entities and the Receiver have also agreed to resolve all disputes and fully give mutual releases in terms of the settlement agreement for all subject matters which is in any way related to EBR Entities.
The settlement agreement is, contingent upon the approval by the Circuit Court; and the approval of the board of directors of Hero MotoCorp, authorizing its joinder as a direct party to the settlement agreement on or before August 10, 2015.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10163.40 |
| TVS Motor Company | 3621.85 |
| Hero MotoCorp | 4948.35 |
| Eicher Motors | 7364.20 |
| Ather Energy | 1224.25 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: