Hero MotoCorp Limited
Mirae Asset Mutual Fund increased its stake in Hero MotoCorp from 1.33% to 1.92%, buying 11,89,135 shares. The value of the additional shares is approximately ₹583.74 crore at a share price of ₹4909.90.
India's largest two and three-wheeler manufacturer, the company designs, manufactures, and sells motorcycles and scooters for both domestic and international markets. Originally established as a joint venture with Honda in 1984, it became fully Indian-owned in 2011 when the Japanese partner exited. The company operates multiple manufacturing facilities across India and serves millions of customers through various product segments and distribution channels.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.