Suman Kant Munjal to hold 26% stake in Hero Honda

Post-restructuring in the Hero Group, Suman Kant Munjal, the second son of Hero Honda Chairman Brij Mohan Lall Munjal, will own 26 per cent stake in Hero Honda Motors, the country’s largest two-wheeler company. The 26 per cent stake was earlier scattered among Munjal siblings, while the remaining 26 per cent continues to be with Honda Motor Company of Japan. While public holding as of March 31 is 45.06 per cent, promoters and promoters group hold the rest.

Under the family settlement that concluded recently, Brijmohan’s family will own Rockman Cycle, Hero Corporate Service, Hero ITES, Hero Mindmine, Hero Soft and Easybill. All these companies will be jointly owned by Brij Mohan Lall Munjal’s sons — Pawan Kant, Sunil Kant, Suman Kant — and the family of late Raman Kant.