MAIN REASONS FOR PARTINGĪccording to the shareholder’s agreement signed in 1984, the joint venture was only for domestic production and consumption. Later In 2014, Hero Investments was merged with the listed Hero MotoCorp, thereby allowing PE investors to exit the company as any public shareholder. The transaction was completed for a valuation of 739.97 per share – at less than half of market price of 1,518.15 on the Bombay Stock Exchange (BSE). The Munjals acquired the 26% held by Honda in the joint venture through their private holding arm Hero Investments, thereby bringing the ownership of Indian promoter & promoter group holding to 52% (Stake of Hero Investments enhanced to around 43% with this transaction). Honda decided to exit the venture by selling its 26% stake to the Munjal family, the owners of Hero. Both the companies decided to part amicably, with Honda continuing to provide technological support to Hero till 2014, and Hero continuing to pay royalties to Honda. The companies decided to part ways owing to unresolved disputes, and their own plans for the Indian and international markets. (Honda) signed an agreement to dissolve their partnership, thus putting an end to one of the most successful joint ventures in the Indian automobile industry. On December 16, 2010, India-based Hero Group (Hero) and Japan-based Honda Motor Co.
नीचे दिए गए विषय पर सवाल जवाब के लिए टॉपिक के लिंक पर क्लिक करेंĬulture Current affairs International Relations Security and Defence Social Issues English Antonyms English Language English Related Words English Vocabulary Ethics and Values Geography Geography - india Geography -physical Geography-world River Gk GK in Hindi (Samanya Gyan) Hindi language History History - ancient History - medieval History - modern History-world Age Aptitude- Ratio Aptitude-hindi Aptitude-Number System Aptitude-speed and distance Aptitude-Time and works Area Art and Culture Average Decimal Geometry Interest L.C.M.and H.C.DEAL IMPACT: HERO Journey after JOINT VENTURE Exit with HONDA TRANSACTION BACKGROUND
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