Announced Fri, 28 Aug, 2026 · 16:24 IST
Hero MotoCorp raises Ather Energy stake to 32.8% for Rs 1,758 cr
HEROMOTOCO · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹5588.00
prior close
₹5614.00
base price
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AI summary
Hero MotoCorp has completed buying 1.18 crore additional equity shares in Ather Energy, its associate company, for about Rs 1,758 crore. Post-transaction, Hero's shareholding in Ather stands at 32.8% on a fully diluted basis. The deal was first approved on Aug 27, 2026 and completed the next day.
Likely market impact
Reinforces Hero's EV push via Ather; sizable cash outflow of Rs 1,758 cr signals long-term commitment to electric mobility.