HomeNewsBusinessCNBC-TV18 CommentsHero Investments to pay Rs 600cr/year royalty to Honda
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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.

March 10, 2011 / 08:54 IST
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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, CNBC-TV18's Seema Mody reports.

This Rs 600 crore, which is roughly 3% of Hero Honda
TAGS: #CNBC-TV18 #CNBC-TV18 Comments #Hero #Hero Honda #Hero Investments #Honda #seema mody
first published: Mar 9, 2011 02:45 pm

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