Hero MotoCorp to invest another ₹1,000 crore in Ather Energy as shares sit nearly 300% above IPO price
Hero MotoCorp's plan to inject an additional ₹1,000 crore into Ather Energy via a preferential issue or convertible warrants strengthens Ather's balance sheet and reinforces promoter support, potentially easing near-term funding risk alongside Ather's own planned capital raise. With the stock already sharply up from its IPO and facing intensifying competition, the news is a positive catalyst but may also increase focus on dilution terms and execution.
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Hero MotoCorp said it plans to invest an additional ₹1,000 crore in Ather Energy via a preferential issue of equity shares or convertible warrants, subject to approvals. The company expects the transaction to be completed within 15 days after the necessary approvals are received. As of June 2026, Hero held a 29.5% stake in Ather and is part of the promoter group. Ather, an early player in India’s electric two-wheeler market, reported a FY2026 turnover of ₹3,671.76 crore.