We write with reference to our earlier intimation dated March 20, 2025, wherein we hadinformed about the decision of the Board of Directors to make a strategic investment of uptoRs. 525 crore (in one or more tranches), in Euler Motors. In this regard, we wish to inform you that Hero MotoCorp has completed the acquisition of 10 numbers of equity shares and 6,65,914 numbers of Series D Cumulative Compulsorily Convertible Preference Shares, collectively representing 34.10% (on a fully diluted basis), for an aggregate consideration of Rs. 510 crore.
HEROMOTOCO · price
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Hero MotoCorp has completed its strategic investment of Rs. 510 crore in Euler Motors Private Limited, an electric commercial vehicle company. The company acquired 10 equity shares and 6,65,914 Series D Cumulative Compulsorily Convertible Preference Shares, giving it a 34.10% stake on a fully diluted basis. This follows the board's earlier approval (announced March 20, 2025) to invest up to Rs. 525 crore in one or more tranches. With this acquisition, Euler Motors has now become an associate company of Hero MotoCorp, leaving a headroom of about Rs. 15 crore from the originally approved investment limit.
This investment gives Hero MotoCorp a meaningful foothold in the fast-growing electric commercial vehicle segment and supports its long-term EV diversification strategy. Shareholders may view it positively as a forward-looking bet on future mobility, though near-term earnings contribution is likely limited.