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Hero MotoCorp's Pawan Munjal puts USD 1 Mn in Ola Electric

Mar 12, 2020 by The Passage Team
Hero MotoCorp's Pawan Munjal puts USD 1 Mn in Ola Electric

Pawan Munjal, the chairman and managing director of Hero MotoCorp, has invested about $1 million in Ola Electric Mobility through his family trust.

Hero MotoCorp, which sells one of every two motorcycles locally, said recently it would spend Rs 10,000 crore on alternative mobility solutions.

Pawan Munjal Family Trust has been allotted 18 preference shares, each at a premium of Rs 39,87,608 and face value of Rs10, according to regulatory filings.

Source: Economic Times

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