Hero MotoCorp to pump up to Rs 1,000 crore more into Ather via preferential issue
Hero MotoCorp has approved an additional investment of up to Rs 1,000 crore in EV two-wheeler maker Ather Energy through a preferential equity issue, deepening a stake that stands at 29.48% on a fully diluted basis. The funds are expected within 15 days of final approvals.
Hero MotoCorp approved an additional investment of up to Rs 1,000 crore in EV two-wheeler maker Ather Energy via a preferential equity issue, reinforcing its commitment. Hero currently holds 29.48% in Ather on a fully diluted basis.