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Aberdeen Asset Management reduces stake in Hero MotoCorp from 8.18% to 7.98%

Hero MotoCorp

Hero MotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world’s largest manufacturer of two – wheelers, based in India. Hero MotoCorp two wheelers are manufactured across 4 globally benchmarked manufacturing facilities. Two of these are based at Gurgaon and Dharuhera which are located in the state of Haryana in northern India. The third manufacturing plant is based at Haridwar, in the hill state of Uttrakhand; the latest addition is the state-of-the-art Hero Garden Factory in Neemrana, Rajasthan.
Hero MotoCorp Share Price April 2016

Aberdeen Asset Management sold 402,917 shares or 0.20% earlier today the 25-April-16 thereby reducing its shareholding from 16,332,619 shares or 8.18% to 15,929,702 shares or 7.98%. (below table shows the holding under various funds)

Since the holding was under various funds managed by Aberdeen, the holding prior to this share sale could not be verified. The above numbers were disclosed by Aberdeen as part of the filings to the exchange

Aberdeen Asset Management Hero MotoCorp Share Sale April 2016

Aberdeen Asset Management PLC is an international investment management group, managing assets for both institutions and private investors from offices around the world. Its head office is in Aberdeen, Scotland. The company is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.

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