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Hero MotoCorp gets nod to invest up to Rs 550 crore in Ather Energy

05 Sep 2023 Evaluate

Hero MotoCorp has received approval for investment of up to Rs 550 crore, in the Rights issue of Ather Energy. The investment is subject to the execution of definitive documents and completion of certain conditions customary to a transaction of this nature. This is not an acquisition, but subscription by Hero MotoCorp, in the Rights issue of Ather. The Company is an existing shareholder of Ather. The Board of Directors of the Company at its meeting held on September 4, 2023 has approved the same. 

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Hero MotoCorp Share Price

5229.25 68.40 (1.33%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9777.15
Hero MotoCorp 5229.25
TVS Motor 3743.60
Eicher Motors 7189.40
Ather Energy 850.65
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