For Quick Alerts
For Daily Alerts

Hero Motor Corp to buy stake in Erik Buell Racing


Hero MotoCorp Ltd has said that it has incorporated a wholly owned subsidiary in U.S.A. by the name of HMCL (NA), Inc for the purposes of investing in Erik Buell Racing, Inc.

HMCL(NA) has agreed to invest USD 25 million in EBR for a total stake of 49.2 per cent in the share capital of EBR. The first tranche of USD 15 million has been invested by HMCL (NA) on June 28, 2013.


Shares of Hero Motor Corp were up 0.93 per cent in trade.

Read more about: hero motocorp
Story first published: Monday, July 1, 2013, 10:27 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more