Hero MotoCorp Ltd has informed BSE that the Nomination & Remuneration Committee of the Company at its meeting held on February 08, 2017 has allotted 5,374 equity shares of face value of INR 2/- each to the eligible employees of the Company who have exercised their stock options under the Company's Employee Stock Option Plan, 2014 framed under Employees Incentive Scheme 2014. These shares rank pari passu with the existing equity shares of the Company in all respects. With this allotment, the paid up share capital of the Company has increased to INR 399,393,676 divided into 199,696,838 equity shares of face value of INR 2/- each.
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