HIPL pledges 2.6% stake in Hero Honda to IL&FS

NEW DELHI: The country's largest two-wheeler maker Hero Honda today said its promoter group firm Hero Investments Pvt Ltd (HIPL) has pledged 2.6 per cent of the company's stake estimated to be worth over Rs 900 crore.

According to a filing to the Bombay Stock Exchange (BSE), HIPL has pledged 52 lakh shares on two equal transactions to IL&FS Trust Company Ltd on April 13.