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Hero Motocorp Ltd Incorporates Wholly Owned Subsidiary In U.S.A.; Picks Up 49.2% Stake In Erik Buell Racing, inc
Hero Motocorp Ltd announced has incorporated a wholly owned subsidiary in U.S.A. by the name of HMCL (NA), Inc. (HMCL (NA)) inter alia for the purposes of investing in Erik Buell Racing, inc. (EBR). HMCL(NA) has agreed to invest USD25 million in EBR for a total stake of 49.2% in the share capital of EBR. The first tranche of USD15 million has been invested by HMCL (NA) on June 28, 2013. The second tranche of USD10 million is proposed to be invested within the next nine months.
Latest Developments for Hero MotoCorp Ltd
- Hero Motocorp Ltd Picks Up 49.2% Stake In Erik Buell Racing For $25 Million-The Economic Times
- Hero Motocorp Ltd Recommends Dividend
- Hero Motocorp Ltd Incorporates Subsidiary In Netherlands-The Economic Times
- Hero Motocorp Ltd's Gurgaon Workers’ Union Plan Hunger Strike From February 28-The Economic Times
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- Hero Motocorp Ltd Picks Up 49.2% Stake In Erik Buell Racing For $25 Million-The Economic Times
- Hero Motocorp Ltd Incorporates Wholly Owned Subsidiary In U.S.A.; Picks Up 49.2% Stake In Erik Buell Racing, inc
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