Hero MotoCorp says LIC has hiked stake by 2%

The country's largest two-wheeler maker Hero MotoCorp on Thursday said state-owned LIC has increased its stake in the company to 7.146% through acquisition of shares from the open market over a period of time.

| Updated on: 22 May 2020, 21:11 PM
Follow us on:
Follow us on:
Hero bikes and scooters (Representational Image)
Hero bikes and scooters (Representational Image)

Life Insurance Corporation of India (LIC) acquired 40,16,255 shares amounting to 2.011% stake in the company between June 21, 2017 and May 19, 2020, Hero MotoCorp said in a regulatory filing.

Before the acquisition, LIC held 1,02,57,040 shares of Hero MotoCorp totalling 5.135% stake, it added.

Also Read : Hero motosports team rally scales-up unique 'Rally Life Navigator' initiative

As on the quarter ended March 31, 2020, the promoter and promoter group companies held 34.63 per cent stake in Hero MotoCorp, with public shareholders accounting for 65.37 per cent.

First Published Date: 22 May 2020, 21:09 PM IST
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
64% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 699 Rs. 1,939
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299
SHAYONAM Dent Removal Kit - Powerful Car Dent Repair Kit - Suction Cup Dent Puller Handle Lifter and Dent Repair Puller for Car Body Dent, Glass, Tiles and Mirror (Plastic)
Rs. 399

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.