Hero Honda declares interim dividend

Hero Honda Motors Ltd, India's largest motorcycle maker, today said its board has declared an interim dividend of 70 rupees ($1.6) per share.

Hero Honda Motors Ltd, India's largest motorcycle maker, on Wednesday said its board has declared an interim dividend of 70 rupees ($1.6) per share.

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Last month, Hero Investments agreed to buy Honda Motors' 26% stake in Hero Honda Motors for around $851 million, with the Japanese automaker exiting its joint venture in India after more than 26 years.