Hero Investments

The country's largest two-wheeler maker Hero Honda today said its promoter group firm Hero Investments Pvt Ltd (HIPL) has revoked 17.33% shares of the company that were pledged to three different investors.

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.

Find out: PINC Research's view on Hero Honda stock

Vineet Hetamasaria of PINC Research in an interview on CNBC-TV18, gave his take as to what extent analysts will see further losses in Hero Honda or if the discount is already built into the stock price.

I-T dept may quiz Honda on discounted stake sale: HP Ranina

Promoter firm Hero Investments has proposed to buy Honda Motor's 26% stake at Rs 739.97 per share, a whopping 50% discount to current market price. This has come as a huge surprise to corporate tax lawyer HP Ranina who says this may trigger suspicion within the Income-Tax department.

Honda stake sale price may flag corporate governance issue

Hero Investments is buying Honda’s 26% stake or 52 million shares for about Rs 739. In an interview with CNBC-TV18, Prayesh Jain of IIFL gave his perspective on the price.

Hero Investments eyes Honda's stake at Rs 739.97/share

Promoter firm Hero Investments Pvt Ltd has proposed to buy Honda's stake at Rs 739.97 per share, reports CNBC-TV18. Earlier, the two-wheeler maker had said that the promoter firm has pledged 5.32% stake in it with IL&FS Trust Company.

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.

6 PEs to invest Rs 4250cr in Hero Investments

A clutch of six PE players will invest upto Rs 4,250 crore in Hero Investments.

Singapore's GIC, Bain Cap to invest Rs 4500cr in Hero Grp

The Munjal family promoted Hero Group is looking to sell part of its stake in Hero Honda that it acquired from Honda to Government of Singapore Investment Corporation (GIC) and private equity firm Bain Capital, reports CNBC-TV18 citing sources.