02.07.2012 - CCI nod for Hero Moto Corp to merge with Bain, GIC backed investment arm
The Competition Commission of India has approved the combination of Hero Investments Private Limited and Hero Moto Corp Ltd (HMCL).The entire share capital of Hero Investments is held by the promoters who are promoters of Hero Moto Corp, private equity fund BC India Private Ltd and Lathe Investments. The promoters hold 71.63 per cent of the share capital while Bain, through BC India Pvt Investors and GIC, via Lathe Investment, hold 28.36 per cent in Hero Investment. Hero Investments holds approximately 43.33 per cent of the share capital of HMCL...............................................Full Article: Source
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