News Details

( As on 09/05/2025 14:47)

Hero MotoCorp - Acquisition

We write with reference to our earlier intimation dated March 20, 2025, wherein we hadinformed about the decision of the Board of Directors to make a strategic investment of uptoRs. 525 crore (in one or more tranches), in Euler Motors. In this regard, we wish to inform you that Hero MotoCorp has completed the acquisition of 10 numbers of equity shares and 6,65,914 numbers of Series D Cumulative Compulsorily Convertible Preference Shares, collectively representing 34.10% (on a fully diluted basis), for an aggregate consideration of Rs. 510 crore.