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 25, 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 : Bahadur Chand Investments Pvt Ltd

Details of Transaction
Date of Transaction : March 23, 2011
Number of Pledged Shares * : 67,45,000

Date of Transaction : March 24, 2011
Number of Pledged Shares * : 28,90,750

Aggregate details after the transaction
Total no of shares held by the entity in the Company : 1,73,06,250
Total No of shares pledged : 96,35,750
% of total shares pledged to total no of shares held by the entity in the Company : 55.678%
% of shares pledged to total no of outstanding shares of the Company : 4.825%

*The shares pledged by Bahadur Chand Investments Pvt Ltd have been pledged under two separate transactions in favour of 2 (two) 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 : 67,45,000
% of shares pledged to total no of outstanding shares of the Company : 3.378%

2. Name of Pledgee : IDBI Trusteeship Services Ltd
Total no. of shares pledged by the entity in the Company in favour of the Pledgee : 28,90,750
% of shares pledged to total no of outstanding shares of the Company : 1.448%Read More