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Hero MotoCorp doubles down on Ather with Rs 1,758 crore investment - The Economic Times
The investment comes soon after Hero invested Rs 960 crore in Ather through convertible warrants. Ather’s exchange filing shows Hero was allotted 76.19 lakh warrants at Rs 1,260 apiece. The warrants are convertible into an equal number of equity shares, with 25% payable upfront and the rest at the time of conversion.
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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.
