Latest News
-
Gold Prices In US: Yellow Metal Rates Surge Amid Escalating Tensions In Middle East; Hit Record High -
Jio Financial Services Sees 80% YoY Decline In Q4 Net Profit, Net Interest Income Dives 70% -
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not? -
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan
Hero Motocorp Shares Gain After Promoter Sunil Munjal Steps Down
Shares of Hero Motocorp rose more than 3 per cent on Wednesday after Sunil Munjal stepped down as Hero MotoCorp promoter and board member. Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
Sunil will continue to hold 32,500 equity shares of the company representing 0.02% of the issued and paid up share capital of the company in his individual capacity, the notification said.
The company said that "there will be no change in the classification of the remaining promoters and such persons will continue to be promoters of the company."
Hero MotoCorp had said the realignment would not impact the overall promoter shareholding, strategic direction or operational management of the company.
The company's board has reappointed Pawan Munjal as Chairman, MD and Chief Executive Officer for the period of 5 years.
Shares of the Hero Motocorp rose 2.40 per cent to Rs 3373 on BSE at 2.26 pm IST. It touched an intra-day high of Rs 3429 during trade.
Goodreturns.in
