Hero MotoCorp Acquires Additional Stake in Ather Energy for ₹1,758 Crore
Hero MotoCorp completed the purchase of 1,18,80,000 equity shares in Ather Energy for ₹1,758 crore. The company's stake in Ather now stands at 32.8% on a fully diluted basis.
The acquisition involves a significant investment of ₹1,758 crore, which is material for the company. However, the impact on overall financials and strategic direction is moderate as Ather is an associate company.
The acquisition of additional stake in an associate company indicates a strategic move to increase holding and potentially influence its growth, which is generally viewed positively.
Hero MotoCorp Limited has announced the completion of its purchase of an additional 1,18,80,000 equity shares in Ather Energy Limited, an associate company.
The total consideration for this transaction amounted to approximately ₹1,758 crore. Following this acquisition, Hero MotoCorp's shareholding in Ather Energy now stands at approximately 32.8% on a fully diluted basis.
This disclosure follows a previous communication on August 27, 2026, where the decision to purchase these additional equity shares was initially informed to the exchanges. The company has submitted this update for information and further dissemination.
A plain-language summary of a public exchange filing by Hero MotoCorp Limited. Read the original for the full detail.