Hero Group News
Shares of Hero MotoCorp rose by over 3 percent after its unit Hero FinCorp raised Rs 1,002 crore from private equity firms and also from its parent Hero Group to fuel expansion over the next 12-18 months.
Hero Cycles patriarch Satyanand Munjal, 99, passed away at his residence in Model Town here today, his family said.
Mybox is a venture recognised by the government and approved by Department of Scientific and Industrial Research.
Hero MotoCorp Ltd promoter Brij Mohan Lall Munjal today pared four percent stake in the company by selling seven million equity shares to 'fund new growth avenues'.
The deal, for an undisclosed amount, can be termed as the biggest for an Indian manufacturer in terms of association with a global icon is concerned.
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