Hero Honda shares slip on JV breakup report
06 Dec 10 10:53 AM
Money Control
Shares in Hero Honda Motors, India's largest motorcycle manufacturer, fell nearly 5% early on Monday after the Nikkei daily reported Honda had agreed to exit its stake in the joint venture.
Honda and its Indian partner Hero Group will seek approval for the breakup from their respective boards of directors later this month, the newspaper said over the weekend.