Munjals to rejig family shareholding in Hero MotoCorp promoter firms
Hero MotoCorp|Hero Investments Pvt Ltd|Brij Mohan Lall Munjal|BCIPL|Bahadur Chand Investments Pvt LtdNEW DELHI: Brij Mohan Lall Munjal-led Hero Group is undertaking a restructuring of family shareholding in two promoter firms of the country's largest two-wheeler maker Hero MotoCorp.
In a filing to the BSE, Hero MotoCorp said BML Munjal's wife Santosh and his second son Suman will transfer their shares in the two investment companies -- Hero Investments Pvt Ltd (HIPL) and Bahadur Chand Investments Pvt Ltd (BCIPL) -- to other sons Pawan and Sunil.
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