Friday, 23 March 2018

Hero MotoCorp raises stake in Colombia joint venture


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The world’s largest two-wheeler maker Hero MotoCorp Limited on Thursday announced that the company has raised its stake in its JV in Colombia from 68% from 51%.


Hero MotoCorp Limited opened its fifth overseas manufacturing capacity, its first in Columbia, to cater to demand from the adjacent Latin American countries and to set up a base for exports outside India.

Shares of Hero MotoCorp Limited was last trading in the Exchange at Rs. 3,398.00 as compared to the previous close of Rs. 3,454.85.  The stock hit a high of Rs. 3461.00 and a low of 3353.75, during post lunch hours of deals on Thursday.

Meantime, benchmark BSE Sensex traded lower by 425.32 points, or 1.29 percent to 32,580.95, while the NSE Nifty50 declined 121.80 points, or 1.20 percent to 9,992.95, at 2.40 PM, Friday.

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