HERO MOTOCORP LTD. - Hero MotoCorp Ltd reply to clarification sought by the exchange

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02 Jan 2015
The Exchange had sought clarification from Hero MotoCorp Ltd with respect to news article appearing in Business Standard website on December 30, 2014 titled "Hero Motocorp to be title sponsor of Federation Cup"<BR> <BR>Hero MotoCorp Ltd replied stating "we wish to inform you that this announcement was not made by the Company but made by All India Football Federation (AIFF). However we wish to confirm that the Company has agreed to become the Title Sponsor of both the Federation Cup (FC) and the I League (IL). The details of the arrangement are under negotiation and no agreement have been executed as yet between the parties. <BR><BR>We further would like to inform you that this sponsorship is a normal routine sales promotion activity of the company and in our opinion there is nothing significant or price sensitiveness in this."
View all announcements for HERO MOTOCORP LTD.	Source: BSE India

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