SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hero MotoCorp makes investment of Rs 15 crore in subsidiary company

26 Oct 2023 Evaluate

Hero MotoCorp has made an investment of Rs 15 crore by way of Rights issue in its subsidiary company, HMC MM Auto. This is not an acquisition, but subscription by Hero MotoCorp, in the Rights issue of HMC MM Auto. The said transaction is expected to be completed within next 30 days. The company has subscribed 1,50,00,000 Equity Shares at Face Value of Rs 10 each. With this subscription, the company's shareholding increased to 66.32% from 60% earlier.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.


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
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×