| 02.02.2011 - GIC likely to pick up stake in Hero Honda |
| From Indiatimes.com: US-based private equity firm Bain Capital and the Singapore Investment Corp (GIC) are believed to be close to buying a minority stake in two-wheeler major Hero Honda. According to a report by Singapore-based 'Financial Times' newspaper, the expected transaction could be worth up to USD 1.75 billion. Quoting unnamed sources, the paper said that the stake will be from the Munjal family, which controls Hero Honda..............................................Full Article: Source |