₹2,007 crore wiped off Hero MotoCorp's m-cap as ED raids Munjal's house

Hero MotoCorp's shares on Tuesday fell amid reports that the Enforcement Directorate (ED) raided executive chairperson Pawan Kant Munjal's residential and business premises in Delhi and Gurugram as part of a money laundering investigation. The company's market valuation fell by ₹2,007.4 crore to ₹ 62,010.87 crore. The stock declined 3.14% to settle at ₹3,103 apiece on the BSE.