India's Hero MotoCorp names DLF's Vivek Anand as CFO (updated)

DLF

14/12/2023 15:15

(Adds background and details on investment in paragraphs 2-4)
       BENGALURU, Dec 14 (Reuters) - Two-wheeler maker Hero
MotoCorp  HROM.NS  on Thursday named Vivek Anand as its chief
financial officer, replacing Niranjan Gupta.
    Anand, a chartered accountant, held the position of CFO at
real estate developer DLF  DLF.NS  for the past four years, Hero
MotoCorp said.
    Anand's appointment comes months after Gupta was named as
Hero MotoCorp CEO in March this year.
    The company also approved an additional investment of 1.4
billion rupees ($16.81 million) in electric-scooter maker Ather
Energy, increasing Hero's stake in the company to 39.7% from
36.7%.

 ($1 = 83.3050 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru; Editing by Shounak
Dasgupta)
 ((Nishit.Navin@thomsonreuters.com))