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BUSINESS
Honda's 26% stake in Hero Honda, which was formed in 1984, has a market value of nearly $2 billion.
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Updated : Mar 30, 2018, 03:51 AM IST
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Hero Group said on Thursday it would buy Japanese automaker Honda Motor Co's 26% stake in their joint venture Hero Honda Motors in a phased manner.
The deal will initially be funded with debt, a senior Hero Honda official said, but financial details were not immediately available.
Honda's 26% stake in Hero Honda, which was formed in 1984, has a market value of nearly $2 billion.
