Hero MotoCorp acquires additional shares in Euler Motors
Post this acquisition, the Company holds 36.67% shares (on a fully diluted basis)
Hero MotoCorp has completed the acquisition of 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares in Euler Motors, an associate company of the company for an aggregate consideration of Rs 210 crore. Post this acquisition, the Company holds 36.67% shares (on a fully diluted basis).
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
