Kandi Technologies Group Inc Announces Closing Of Registered Direct Placement For Approximately $26.3 Million Of Common Stock And Warrants

Kandi Technologies Group Inc (the Company or Kandi) announced that it has closed the registered direct placement with two institutional investors and raised approximately $26.3 million from selling its common stock shares at a price of $6.03 per share. The Company issued a total of 4,376,036 shares...

Monday, 1 Jul 2013 05:35pm EDT

Hero Motocorp Ltd Picks Up 49.2% Stake In Erik Buell Racing For $25 Million-The Economic Times

The Economic Times reported that Hero Motocorp Ltd has picked up 49.2% stake in US-based Erik Buell Racing (EBR) for $25 million (about INR1.48 billion). The company has incorporated a wholly owned subsidiary in the US by the name of HMCL (NA), Inc for the purposes of investing in Erik Buell Racing,...

Monday, 1 Jul 2013 12:39am EDT

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...

Sunday, 30 Jun 2013 11:40pm EDT

Sacked Maruti Suzuki India Ltd's Workers Call For Solidarity Action On July 18-Business Line

Business Line reported that the Sacked Maruti Suzuki India Ltd's plant workers, 147 of whom are in Gurgaon jail, have decided to mark July 18 as Chalo Manesar day and have called upon workers and organisations to observe solidarity actions across the country. On July 18, 2012, violence had broken...

Sunday, 30 Jun 2013 08:00pm EDT

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