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Hero MotoCorp to invest Rs 130 crore in Ather Energy

26 Jul 2018 Evaluate

Hero MotoCorp has received an approval for investment of Rs 130,00,04,640 through CCDs (Compulsorily Convertible Debentures) in Ather Energy. The investment is subject to execution of definitive documents and completion of certain conditions customary to a transaction of this nature. The board of directors of the company at its meeting held on July 25, 2018, approved the same

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.

Peers
Company Name CMP
Bajaj Auto 11009.00
TVS Motor Company 4083.15
Hero MotoCorp 5385.00
Eicher Motors 7219.00
OLA Electric Mobilit 37.87
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