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BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
500182
Company
HERO MOTOCORP LTD.
Exchange Received Time
05/11/2019 18:24:37
Exchange Disseminated Time
05/11/2019 18:24:44
Time Taken
00:00:07
Announcement Under Regulation 30 Of SEBI Listing Regulations |
11/05/19 18:24
In continuation to our earlier disclosure dated July 25, 2018, we wish to inform that the Board of Directors at its meeting held today, viz. November 5, 2019, has considered and approved an investment of upto Rs. 450 crore (Rupees Four Hundred and Fifty crore only) in its Associate company, Hero FinCorp Limited ('HFCL') by subscribing to the issue of shares by way of private placement in one or more tranches. The detailed disclosure as required under Regulation 30 will be made, if the change in shareholding of the Company in HFCL exceeds two percent (post completion of private placement issue by HFCL).
Kindly take the aforesaid information on your records.
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