The company’s Board approved the subscription to equity shares or other eligible securities, including compulsorily convertible preference shares and warrants, to be issued by Ather on a preferential basis. The investment is subject to necessary approvals, including those from Ather’s board and shareholders.
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Hero MotoCorp currently holds a 29.48% stake in Ather on a fully diluted basis as of June 30, 2026. The final shareholding after the investment will depend on the pricing of the preferential issue and any subsequent issuance of securities approved by Ather’s board.
Ather Energy designs, manufactures and sells electric two-wheelers and operates charging infrastructure and battery energy management services. The company reported a turnover of Rs 3,671.76 crore for the financial year ended March 31, 2026.
Hero MotoCorp said the transaction, which will be made entirely in cash, is expected to be completed within 15 days of Ather receiving the last of the required approvals. The company added that while Ather is a related party as an associate company, the investment will be undertaken on an arm’s-length basis.