Hero MotoCorp to buy more stake in Ather Energy for INR 17.58 bln
This story was originally published at 23:42 IST on 27 August 2026
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--Hero Motocorp to buy further stake in Ather Energy for INR 17.58 bln
MUMBAI – Hero MotoCorp Ltd. Thursday said its committee of directors has approved an additional investment of INR 17.58 billion in electric two-wheeler company Ather Energy Ltd. by purchasing more equity shares. Hero MotoCorp's stake in Ather Energy will rise to 32.8% after the share purchase from 29.88% as of Tuesday.
The acquisition is expected to be completed by Sept. 3, Hero MotoCorp said in an exchange filing. Hero MotoCorp had first invested in the Bengaluru-based automobile firm in 2016, when it had put in INR 1.80 billion for 26% stake.
Thursday, shares of Hero MotoCorp ended at INR 5,550, down 0.8% from Wednesday, on the National Stock Exchange. Those of Ather Energy ended flat at INR 1,495.30. For the June quarter, Hero MotoCorp had reported a net profit of INR 14.54 billion on revenues of INR 129.99 billion. Ather Energy had reported a net loss of INR 508.7 million on revenues of INR 12.17 billion. End
Reported by Ashutosh Pati
Edited by Rajeev Pai
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