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.
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.