Hero MotoCorp lifts Ather Energy stake to 32.8% in Rs 1,758 crore deal
Hero MotoCorp has acquired 1.19 crore Ather Energy shares from GIC at Rs 1,480 each, increasing its fully diluted holding from 29.88% to 32.8%. The move deepens Hero’s exposure to India’s electric two-wheeler, retail and charging-infrastructure opportunity.
What happened
Hero MotoCorp acquired 1.19 crore Ather Energy shares from GIC for about Rs 1,758 crore, raising its fully diluted holding to 32.8%. The investment strengthens
Key facts
- Rs 1,758.24 crore transaction value
- 1.19 crore Ather shares acquired
- Rs 1,480 per share
- Hero stake rises from 29.88% to 32.8%
- Ather FY26 turnover: Rs 3,671.76 crore
- Rs 1,200 crore preferential issue
- Hero investment in preferential issue: nearly Rs 960 crore
- July registrations: 28,819
- July market share: 14.89%
- Ather market capitalization: Rs 63,762 crore
Why this matters
By taking ownership to 32.8%, Hero strengthens its strategic influence over Ather and its optionality around technology, distribution, charging infrastructure and future consolidation.