Investment Details
Hero MotoCorp will invest ₹959,99,99,220 (Rupees Nine Hundred and Fifty-Nine Crores Ninety Nine lakh Ninety Nine Thousand Two Hundred and Twenty Only) in Ather Energy Limited through subscription to preferential issue of convertible warrants. The Board of Directors of Ather Energy approved the issuance and allotment of 76,19,047 convertible warrants to Hero MotoCorp at an issue price of ₹1,260 per warrant. Each warrant is convertible into 1 equity share of Ather Energy (face value ₹1) at Hero MotoCorp's option within 18 months of allotment.
Payment Structure
The investment requires payment of 25% of the issue price per warrant (₹315 per warrant) at the time of subscription. The remaining 75% (₹945 per warrant) will be payable upon exercise of the warrants into equity shares.
Shareholding Impact
As of July 10, 2026 (pre-investment): Hero MotoCorp held 11,50,83,252 equity shares representing 29.48% stake in Ather Energy on fully diluted basis after considering total outstanding ESOPs.
Post-investment (assuming full warrant conversion): Hero MotoCorp will hold 12,27,02,299 equity shares representing 30.68% stake in Ather Energy on fully diluted basis after considering total outstanding ESOPs.
Conditions and Approvals
The investment is subject to receipt of necessary approvals by Ather Energy for the preferential issue, including approval from shareholders of Ather Energy. The disclosure references Hero MotoCorp's earlier communication dated July 14, 2026 regarding the Committee of Directors' decision to invest up to ₹1,000 crore in Ather Energy.