Hero Honda Motors Ltd: Disclosures under Reg. 8A of SEBI (SAST) Regulations, 1997

Hero Honda Motors Ltd has submitted the disclosure under Regulation 8A of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 to BSE

Date of Reporting : March 08, 2011
Name of the Company : Hero Honda Motors Ltd
Total no of outstanding shares of the Company : 19,96,87,500

Name of the Entity : Hero Investments Pvt Ltd

Details of Transaction
Date of Transaction : March 03, 2011
Number of Pledged Shares * : 95,55,010

Date of Transaction : March 01, 2011
Number of Pledged Shares * : 1,06,16,678

Date of Transaction : March 03, 2011
Number of Pledged Shares * : 1,06,16,678

Date of Transaction : March 07, 2011
Number of Pledged Shares * : 11,86,788

Date of Transaction : March 07, 2011
Number of Pledged Shares * : 13,18,653

Date of Transaction : March 07, 2011
Number of Pledged Shares * : 13,18,653

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 3,46,12,460
Total No of shares pledged : 3,46,12,460
% of total shares pledged to total no of shares held by the entity in the Company : 100.00%
% of shares pledged to total no of outstanding shares of the Company : 17.33%

*The shares pledged by Hero Investments Pvt Ltd have been pledged under three separate transactions in favour of (three) separate and distinct entities as per following details:

1. Name of Pledgee : Axis Trustee Services Ltd
Total no. of shares pledged by the entity in the Company in favour of the Pledgee : 10,741,798
% of shares pledged to total no of outstanding shares of the Company : 5.379%

2. Name of Pledgee : IDBI Trusteeship Services Ltd
Total no. of shares pledged by the entity in the Company in favour of the Pledgee : 11,935,331
% of shares pledged to total no of outstanding shares of the Company : 5.977%

3. Name of Pledgee : IL&FS Trust Company Ltd
Total no. of shares pledged by the entity in the Company in favour of the Pledgee : 11,935,331
% of shares pledged to total no of outstanding shares of the Company : 5.977%Read More