Moneycontrol
Get App
you are here: HomeNewsIndia
Last Updated : May 21, 2020 07:23 PM IST | Source: PTI

Hero MotoCorp says LIC has hiked stake by 2%

Life Insurance Corporation of India (LIC) acquired 40,16,255 shares amounting to 2.011 percent stake in the company between June 21, 2017 and May 19, 2020, Hero MotoCorp said in a regulatory filing.

PTI
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The country's largest two-wheeler maker Hero MotoCorp on Thursday said state-owned LIC has increased its stake in the company to 7.146 percent through acquisition of shares from the open market over a period of time.

Life Insurance Corporation of India (LIC) acquired 40,16,255 shares amounting to 2.011 percent stake in the company between June 21, 2017 and May 19, 2020, Hero MotoCorp said in a regulatory filing.

Before the acquisition, LIC held 1,02,57,040 shares of Hero MotoCorp totalling 5.135 percent stake, it added.

Close

As on the quarter ended March 31, 2020, the promoter and promoter group companies held 34.63 percent stake in Hero MotoCorp, with public shareholders accounting for 65.37 percent.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.


Facebook-BCG report suggests these measures for businesses to unlock the changing consumer behaviour in the current pandemic. Read More!

First Published on May 21, 2020 07:17 pm
Sections
Follow us on