Hero MotoCorp to increase stake in Ather with $184 million share purchase
4 sources·Updated August 28, 2026
Hero MotoCorp Ather investment
Covered by 4 sources
- YourStory India·Aug 28Ather share price up 7% after Hero MotoCorp increases stake
Existing shareholder Hero MotoCorp said it will invest Rs 1,758 crore to acquire additional shares in Ather Energy.
Read at YourStory India → - Business Today IN·Aug 28Ather Energy shares rise 7% after Rs 1,758 crore block deals; here's why
Ather Energy shares: The large block deal comes Ather Energy had earlier this week okayed convertible warrants to Hero MotoCorp Ltd and Tarun Sanjay Mehta at an issue price of Rs 1,260 apiece.
Read at Business Today IN → - Business Standard·Aug 27Hero MotoCorp to increase stake in Ather with $184 million share purchase
Hero MotoCorp on Thursday said it would buy additional shares of Ather Energy for up to 17.58 billion rupees ($184.01 million), raising its stake in the electric scooter maker to 32.8%.
Read at Business Standard →