CCEA clears Hero FDI plans; Hero Honda rises
The shares of two-wheeler major Hero Honda Motors rose on Wednesday after the Cabinet Committee on Economic Affairs approved Hero Investments' Rs 4,500-crore foreign direct investment proposal on Tuesday.
By ET Bureau | Updated:
The shares of two-wheeler major Hero Honda Motors rose on Wednesday after the Cabinet Committee on Economic Affairs approved Hero Investments' Rs 4,500-crore foreign direct investment proposal on Tuesday.
The FDI will be received from two private equity investors, Bain Capital and Lathe Investment, for the acquisition of Japanese joint venture partner Honda's stake in Hero Honda Motors.
At 10:05 am, shares of Hero Honda Motors were trading 1.53% up at Rs 1570.00 on the Bombay Stock Exchange.
The FDI will be received from two private equity investors, Bain Capital and Lathe Investment, for the acquisition of Japanese joint venture partner Honda's stake in Hero Honda Motors.
At 10:05 am, shares of Hero Honda Motors were trading 1.53% up at Rs 1570.00 on the Bombay Stock Exchange.
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