Ather Energy Board Approves ₹1,200 Cr Raise; Hero MotoCorp Ups Stake To 30.68%

Ather's board cleared a ₹1,200 Cr preferential issue of equity and warrants at ₹1,230–1,260 per share. Hero MotoCorp leads with ₹960 Cr, lifting its stake to 30.68%, while NIIF's India-Japan Fund adds ₹200 Cr. The capital fuels the next phase of electric two-wheeler expansion. Shares rose 7.8% to ₹1,297.

— Filed Wed, 15 Jul, 2026, 16:14 IST · Source Inc42 · Buzz · Updated

Ather Energy's board approved a ₹1,200 Cr preferential issue of equity and warrants, with Hero MotoCorp investing ₹960 Cr (stake rising to 30.68%) and NIIF's India-Japan Fund adding ₹200 Cr to fund E2W expansion.

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