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Hero to buy 26% of Hero Honda Motors for $851 mn

09 Mar 2011 Evaluate

Hero Investments has agreed to buy Honda Motors Ltd's 26% stake in Hero Honda Motors for around $851 million in a deal that will see the Japanese automaker exit its joint venture in India after more than 26 years. Hero Investments is buying the stake at Rs 739.97 a share, it said in a statement. The Hero Honda joint venture was India's largest motorcycle manufacturer with more than half the domestic market. Honda also has a wholly owned subsidiary in India, which makes motorcycles and scooters.crackcrack

Hero MotoCorp Share Price

5229.25 68.40 (1.33%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9777.15
Hero MotoCorp 5229.25
TVS Motor 3743.60
Eicher Motors 7189.40
Ather Energy 850.65
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