Investment9 May 2025, 02:48 pm
Hero MotoCorp Completes Strategic Investment of Rs. 510 Crore in Euler Motors
AI Summary
Hero MotoCorp Ltd has completed the acquisition of 10 equity shares and 6,65,914 Series D Cumulative Compulsorily Convertible Preference Shares in Euler Motors, collectively representing 34.10% (on a fully diluted basis), for an aggregate consideration of Rs. 510 crore. This investment was initially announced in March 2025, where Hero MotoCorp informed about the decision to invest up to Rs. 525 crore in Euler Motors. Following this acquisition, Euler Motors has become an associate company of Hero MotoCorp Limited.
Key Highlights
- Hero MotoCorp has completed a strategic investment of Rs. 510 crore in Euler Motors.
- The investment represents 34.10% (on a fully diluted basis) in Euler Motors.
- Euler Motors has become an associate company of Hero MotoCorp Limited.
- The initial investment plan was announced in March 2025, with an investment cap of Rs. 525 crore.
- This investment signifies Hero MotoCorp's interest in the growth and development of Euler Motors.