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LIC sells 2.04% stake in Hero MotoCorp

14 Mar 2014 Evaluate

State-owned Life Insurance Corporation of India (LIC) has reduced its stake in Hero MotoCorp to around 3%. The country’s largest insurer has sold 40,74,307 shares, constituting 2.04% in the company through an open market transaction.

LIC’s stake in the country’s largest two-wheeler maker has come down to 2.99% from 5.03% earlier after the offloading of shares. The insurer offloaded the shares of the two-wheeler major, between January 31, 2013 and March 12, 2014.

As on December 2013, the promoters holding in the company stood at 39.92% while Institutions and Non-Institutions held 39.10% and 20.98% stake in the company, respectively.

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

5289.45 60.20 (1.15%)
20-Apr-2026 09:22 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9777.45
Hero MotoCorp 5289.45
TVS Motor 3750.80
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