Hero MotoCorp launches VRS for all staff members
The VRS has been designed with an aim to make the company "agile" and "future-ready", says Hero MotoCorp.
The VRS has been designed with an aim to make the company "agile" and "future-ready", says Hero MotoCorp.
Pawan Munjal, current CEO and chairman of Hero MotoCorp, will continue as executive chairman and whole-time director on the board.
The taxman said it was also found that 10 acres of farm land at Delhi was purchased through a few paper companies.
Following the report, Hero MotoCorp shares dipped more than 7% on Tuesday hitting an intraday low of ₹2,155, before closing at ₹2,208.35.
Officials of the Income Tax Department are looking at financial documents and other business transactions of Hero MotoCorp and its promoters.