Hero Motors Sold Stakes in Munjal Kiriu Industries

Feb 15, 2011, 18:24 IST

Hero Motors Ltd. sold  17.6 per cent stake in Munjal Kiriu Industries and became a minority shareholder in MKI.

Hero Motors Ltd. (HML) declared on 14 February 2011 that it sold a 17.6 per cent stake in Munjal Kiriu Industries (MKI) thus becoming a minority shareholder in MKI. MKI is a joint venture company formed with Japan's Kiriu Corp. The stakes have been bought from HML by Kiriu, which is an affiliate of the diversified Sumitomo Corporation. The acquisition enabled Kiriu to further strengthen its hold in MKI and thus become a majority partner in Munjal Kiriu.


MKI plans to install another new casting line in the current Manesar plant by the latter half of 2012 to escalate production in response to the rapidly increasing demand of the Indian automotive industry.

Jagranjosh
Jagranjosh

Education Desk

Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

... Read More
Get here latest daily, weekly and monthly Current Affairs and GK in English and Hindi for UPSC, SSC, Banking, Railway, Defence and exams. Download Jagran Josh Current Affairs App.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

AndroidIOS

Trending

Latest Education News