REFILE-Hero Honda falls on report Honda planning to exit stake

Newswire

(Refiles to new USN) MUMBAI, Aug 31 (Reuters) - Shares of India's Hero Honda fell more than 6 percent on Tuesday, after television channel ET Now reported that Hero and private equity firm KKR are in talks to buy out Japan's Honda Motor's stake in the company. The report said that Hero's founders -- the Munjal family -- would buy out 20 percent of Honda's stake, while KKR would buy the remaining six percent. In response to the report, Honda Motors said it had no plans to sell its stake ...

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