New Launch23 Apr 2025, 04:37 am
Hero MotoCorp's Associate Company, Ather Energy, Files for INR 37,311.74 Million IPO
AI Summary
Hero MotoCorp Ltd. has announced that its associate company, Ather Energy Limited, has filed a Red Herring Prospectus (RHP) for an initial public offering (IPO). The IPO will consist of a fresh issue of equity shares worth INR 26,260 million and an offer for sale of equity shares worth INR 11,051.74 million by certain existing and eligible shareholders. This development is in accordance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Highlights
- Ather Energy, an associate company of Hero MotoCorp, has filed a Red Herring Prospectus for an initial public offering.
- The IPO includes a fresh issue of equity shares worth INR 26,260 million and an offer for sale of equity shares worth INR 11,051.74 million.
- The offer for sale is by certain existing and eligible shareholders of Ather Energy.
- This development is in line with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
- Hero MotoCorp is a leading two-wheeler manufacturer in India.