In continuation to our letter dated September 09, 2024, we wish to inform that Ather Energy Limited has informed the Company about the filing of its Red Herring Prospectus dated April 22, 2025 with the Registrar of Companies , the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited. Please refer to the intimation made by the Company in this regard.
HEROMOTOCO · price
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Awaiting price reaction for this filing.
Hero MotoCorp has informed the exchanges that its investee company, Ather Energy Limited, has filed its Red Herring Prospectus (RHP) dated April 22, 2025 with the Registrar of Companies, SEBI, BSE, and NSE. This is a key regulatory milestone that moves Ather Energy closer to launching its initial public offering (IPO). Hero MotoCorp holds a strategic equity stake in Ather Energy, making this development material for its shareholders. The filing signals that Ather's IPO process is advancing and could hit the public markets in the coming months.
Positive for Hero MotoCorp shareholders as the value of its stake in Ather Energy will now be marked closer to public-market levels once the IPO is priced. Any listing gains in Ather could reflect positively on Hero MotoCorp's investment portfolio value.