The country's largest two-wheeler maker Hero Honda on Tuesday said its erstwhile Japanese promoter Honda Motor Co has exited the company completely after selling its 26 per cent stake to a group firm of the Indian promoter family.
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released.
This is part of the nine memorandums of understanding (MoUs) worth Rs 5,027 crore, including Hero Group-backed Ather Energy's over Rs 600 crore investment, to establish a manufacturing facility for e-vehicles.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
Their offer values Fortis at over Rs 9,000 crore, or around Rs 172 per share.
It's only when Gold moves away from Akshay Kumar's blundering Bangla and hockey humbug to become a story of grace among go-getters that it comes close to becoming the movie it should have been, says Sukanya Verma.
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