Moneycontrol

Moneycontrol PRO

you are here: HomeNewsBusinessCNBC-TV18 CommentsHero Investments to pay Rs 600cr/year royalty to Honda

SHOW NAMES

Trending Topics

business

Hero Investments to pay Rs 600cr/year royalty to Honda

Hero Investments will buy Honda's stake in Hero Honda at a huge discount of Rs 740 per share. It will pay Honda an annual royalty of Rs 600 crore per year, which is not linked to volumes. Hero will also pay a fee of USD 2-5 million per new model.

first published: Mar 9, 2011 02:45 pm

LATEST VIDEOS

A collection of the most-viewed Moneycontrol videos.

Watch and Follow our leading shows

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347