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Hero Motors to raise UK Hewland stake to 90% as Q1 profit jumps 147%
Source: Hindu BusinessLine · 3 hr ago
Summary
Hero Motors, a newly listed auto‑component manufacturer, plans to increase its ownership of the UK firm Hewland to 90% by purchasing an additional share from British investors. The move follows a sharp rise in Hero Motors’ first‑quarter profit. Hewland’s subsidiary reported a loss for its most recent financial year.
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From the original report
Newly listed auto-component maker to buy additional 39% from British shareholders for £600,000 as subsidiary posts FY26 loss
Excerpt from Hindu BusinessLine.
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