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Hero inks PE MoU; firms may have 8-year lock-in

CNBC-TV18 earlier reported that a clutch of six private equity (PE) firms were set to acquire 45% in Hero Investments, which would in turn buyout Honda's stake in Hero Honda along with Bahadur Chand Investments. CNBC-TV18 now learns that the PE players have a lock-in of minimum eight years in Hero Investments.

first published: Mar 3, 2011 06:02 pm

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