Hero Motors accelerates on getting nod to acquire additional stake in Hewland Engineering
Hero Motors is currently trading at Rs. 161.60, up by 6.00 points or 3.86% from its previous closing of Rs. 155.60 on the BSE.
The scrip opened at Rs. 160.90 and has touched a high and low of Rs. 167.50 and Rs. 160.65 respectively. So far 3627005 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.00 on 05-Oct-2026 and a 52 week low of Rs. 80.50 on 23-Sep-2026.
Last one week high and low of the scrip stood at Rs. 172.0 and Rs. 147.20 respectively. The current market cap of the company is Rs. 7387.82 crore.
The promoters holding in the company stood at 61.63%, while Institutions and Non-Institutions held 12.97% and 25.40% respectively.
Hero Motors has received approval for acquisition of 8039 equity shares of 1.00 pound sterling each of Hewland Engineering (HEL), U.K, Subsidiary of the Company, at total consideration of 0.60 million pound sterling and to sign the Shareholders Agreement subject to aforesaid acquisition in compliance with applicable laws.
Presently, the company holds 51% equity shares of HEL and post-acquisition, the company acquired additionally 39% equity shares of HEL, aggregating to 90% equity shares. HEL will continue to be the subsidiary of the company.
The Board of Directors of the company at its meeting held on October 13, 2026, has approved the same.
