Investment1 April 2026 at 02:11 pm
Hero MotoCorp Completes Rs. 210 Crore Investment in Associate Company Euler Motors
AI Summary
Hero MotoCorp Ltd has completed the acquisition of 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares in Euler Motors, an associate company, for a total consideration of Rs. 210 crore. This investment was announced earlier in February 2026 and was to be made in one or more tranches, through a combination of primary infusion and/or secondary purchase. Post this acquisition, Hero MotoCorp holds 36.67% shares in Euler Motors on a fully diluted basis.
Key Highlights
- Hero MotoCorp has completed an investment of Rs. 210 crore in Euler Motors.
- The investment is in the form of 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares.
- Post investment, Hero MotoCorp holds 36.67% shares in Euler Motors on a fully diluted basis.
- This investment is a follow-up to the earlier announcement made in February 2026.
- The investment is expected to strengthen Hero MotoCorp's associate company, Euler Motors.
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