Transaction Approval
The Committee of Directors of Hero MotoCorp Limited approved the purchase of additional equity shares of Ather Energy Limited (Ather) at its meeting held on August 27, 2026.
Target Entity Details
Name: Ather Energy Limited (Ather)
Business: Designing, manufacturing, selling and servicing of electric two-wheelers; owns charging infrastructure; engaged in storage, distribution and management of electric power (including energy in the form of batteries) and other ancillary services
Incorporation Date: October 21, 2013
Listing Status: Listed on BSE Limited and National Stock Exchange of India Limited
Geographic Presence: Wide presence across India
Financial Performance of Ather
- FY2024 Turnover: ₹1,753.8 crore
- FY2025 Turnover: ₹2,255 crore
- FY2026 Turnover: ₹3,671.76 crore
Transaction Structure
Type: Purchase of additional equity shares from an existing shareholder of Ather
Investment Amount: Up to ₹1,758 crore (approximately)
Current Holding (as of August 25, 2026): 29.88% of Ather's share capital on a fully diluted basis
Post-Transaction Holding: Up to approximately 32.8% of Ather's share capital on a fully diluted basis
Stake Increase: Approximately 2.92 percentage points
Regulatory Aspects
Related Party Transaction: No, the purchase does not fall within the purview of related party transactions
Promoter/Promoter Group Interest: No promoter/promoter group/group companies of Hero MotoCorp Limited have any interest in Ather
Governmental Approvals: No governmental or regulatory approvals required for the purchase of additional shares
Transaction Timeline
Expected Completion: By September 3, 2026
Industry Classification
Ather operates in the industry of design and manufacture of electric vehicles and associated charging infrastructure, and storage, distribution and management of electric power (including energy in the form of batteries).
Purpose of Acquisition
Hero MotoCorp Limited is an existing shareholder in Ather, and this transaction entails purchase of additional shares of Ather to increase its stake.
#Tags: #HeroMotoCorp #AtherEnergy #SEBIRegulation30 #StakePurchase #ElectricVehicles #Neutral