Hero MotoCorp (HEROMOTOCO) — Board Meeting

Hero MotoCorp's Board approved establishing a wholly owned subsidiary in Brazil, now incorporated as Hero MotoCorp do Brasil Ltda. The subsidiary will manufacture and distribute two-wheeler vehicles and parts. The Board also approved ₹40 per share final dividend (2,000%), audited FY2024 results, and set book closure from August 2-12, 2024 for the 41st AGM. Investment in the Brazilian subsidiary will be phased; operations are yet to commence.

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About Hero MotoCorp Limited (HEROMOTOCO)

Automobile and Auto Components · Automobiles · Listed on NSE

Market Cap: ₹1,01,337.07 Cr P/E: 18.6 ROE: 28.2% ROCE: 33.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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