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Ather Energy shares rally 4% as Hero MotoCorp plans Rs 1,758 crore investment
Ather Energy shares gained nearly 4% after Hero MotoCorp announced an investment of up to Rs 1,758 crore to raise its stake in the electric two-wheeler maker to around 32.8%. Athers turnover has more than doubled in two years, while the stock has surged around 260% over the past year and continues to show a bullish technical setup.
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thehindubusinessline.com
Hero MotoCorp commits ₹960 crore to Ather
Hero MotoCorp invests ₹960 crore in Ather Energy, using convertible warrants to enhance cash-flow flexibility and market presence.
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Hero MotoCorp to raise Ather Energy stake to 32.8%
Hero MotoCorp will buy Ather Energy shares worth up to ₹1,758 crore, raising its stake to 32.8% amid intensifying electric two-wheeler competition.
