Investment25 Aug 2026, 11:00 pm
Hero MotoCorp Invests ₹960 Cr in Ather Energy
AI Summary
Hero MotoCorp Ltd has invested approximately ₹960 crore in its associate company, Ather Energy Limited. This investment is part of a larger planned investment of up to ₹1,000 crore. The company has been allotted 76,19,047 convertible warrants at an issue price of ₹1,260 per warrant. Hero MotoCorp has paid 25% of the issue price, amounting to ₹239.99 crore, with the remaining 75% payable upon exercise of the warrants into equity shares. This move strengthens Hero MotoCorp's stake and commitment to Ather Energy, a key player in the electric two-wheeler segment.
Key Highlights
- Hero MotoCorp invested ₹960 crore in Ather Energy.
- Investment made via subscription to convertible warrants.
- Warrants are convertible into Ather Energy equity shares.
- 25% of the amount paid, balance payable on exercise.
- Part of a larger planned investment up to ₹1,000 crore.
Price Impact
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