In continuation to our letter dated September 9, 2024 and April 22, 2025, we wish to inform that Ather Energy Limited has informed the Company about its filing of Prospectus dated April 30, 2025 with the Registrar of Companies, Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited. Please refer to the enclosed intimation made by the Company in this regard.
HEROMOTOCO · price
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Awaiting price reaction for this filing.
Ather Energy Limited, an associate company of Hero MotoCorp, filed its IPO Prospectus dated April 30, 2025 with the Registrar of Companies, SEBI, BSE, and NSE. The IPO comprises a fresh issue of equity shares (face value INR 1) aggregating up to INR 2,626 crore, along with an offer for sale of up to 1,10,51,746 equity shares by certain existing and eligible shareholders. Hero MotoCorp, as one of the existing shareholders in Ather Energy, stands to participate in the offer for sale component. This is a continuation of earlier intimation letters dated September 9, 2024 and April 22, 2025 regarding the proposed IPO.
This filing moves Ather Energy closer to listing, which could allow Hero MotoCorp to potentially monetize part of its stake through the offer for sale. The development is informational and does not directly affect Hero MotoCorp's own operations or financial results, though successful listing of its associate could reflect positively on the value of Hero's investment.