Hero MotoCorp to Buy Additional Ather Energy Stake for Up to ₹1,758 Crore
Hero MotoCorpSigSignificance2.64SenSentiment+3.20EnvEnvironment+1.30SocSocial+1.10GovGovernance+0.84
Ather EnergySigSignificance2.78SenSentiment+3.11EnvEnvironment+0.84SocSocial+0.43GovGovernance+0.92
Hero MotoCorp plans an all-cash purchase from an existing Ather Energy shareholder to raise its fully diluted stake from 29.88% to about 32.8%, investing up to ₹1,758 crore. The move follows Ather’s preferential fundraise of ₹1,200 crore, where Hero received convertible warrants worth about ₹960 crore, keeping Hero as Ather’s largest shareholder.
Coverage (30)
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- Swiggy and Hero MotoCorp announce strategic partnership to empower delivery partners across India (hospitality.economictimes.indiatimes.com)
- Swiggy ties up with Hero MotoCorp to help delivery partners buy two (cnbctv18.com)
- Hero MotoCorp Reports 5.68 Lakh Dispatches in August (themachinemaker.com)
- Hero MotoCorp shares fall over 4% as August exports, motorcycle dispatches decline (economictimes.com)
- Hero MotoCorp August Sales Reach 568,398 Units vs 553,727 YoY, Missing 590,000 Estimate (sahi.com)
- Hero MotoCorp Sales Grow By 4.5% In August, Exports Witness Sharp Decline Of 24.5% (ackodrive.com)
- Hero MotoCorp August domestic dispatches rise 4.5% as scooter sales jump 43% (cnbctv18.com)
- Hero MotoCorp Reports August Sales of 568,398 Units, Missing 590,000 Unit Estimate (sahi.com)
- Hero MotoCorp To Raise Stake In Ather Energy To 32.8% With Rs 1,758 Cr Purchase (businessworld.in)
- Hero MotoCorp expands sales network in Central America in collaboration with VELOSA (economictimes.com)
- Hero MotoCorp expands sales network in Central America in collaboration with VELOSA (thehindubusinessline.com)
- Hero MotoCorp Inaugurates El Salvador Flagship Store and Expands Retail Network (ackodrive.com)
- Hero MotoCorp Partners with VELOSA to Expand in El Salvador (autocarpro.in)
- Hero MotoCorp appoints Suresh Kumar P as chief digital officer (scanx.trade)
- Hero MotoCorp Raises Stake In Ather Energy To 32.8 % (bwdisrupt.com)
- Hero MotoCorp Raises Stake in Ather Energy to 32.8% With ₹1,758 Crore Investment (cxodigitalpulse.com)
- Hero MotoCorp raises stake in Ather Energy to 32.8% in Rs 1,758 crore deal (indianstartupnews.com)
- Hero MotoCorp to invest ₹1,758 crore in Ather Energy to boost stake to 32.8% (adgully.com)
- Hero MotoCorp to Pump Rs 1,758 Crore Into Ather Energy, Lifting Stake to 32.8% (finance.biggo.com)
- Hero MotoCorp to raise stake in Ather Energy to 32.8% with Rs 1,758 Cr investment (entrackr.com)
- Hero MotoCorp Raises Ather Energy Stake To 32.8% in ₹1,758-Crore Share Purchase (ackodrive.com)
- Hero MotoCorp invests ₹1,758 crore to acquire more stakes in Ather (thehindubusinessline.com)
- Hero MotoCorp To Invest 1,758 Crore More In Ather Energy (carandbike.com)
- Hero MotoCorp to acquire additional stake in Ather Energy for up to ₹1,758 crore (sahi.com)
- Hero MotoCorp to raise Ather stake to 32.8% with Rs 1,758 Crore investment (storyboard18.com)
- Hero MotoCorp to increase stake in Ather with $184 million share purchase (business-standard.com)
- Hero MotoCorp To Acquire Additional Stake In Ather Energy For Rs 1,758 Crore (ndtvprofit.com)
- India's Hero MotoCorp to increase stake in Ather with $184 million share purchase (reuters.com)
- Hero MotoCorp to invest Rs 1,758 crore in Ather Energy, raise stake to 32.8% (moneycontrol.com)