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Hero MotoCorp Limited has approved an additional cash investment of up to1,000 crore in its associate company, Ather Energy Limited. The investment will be made through the subscription of equity shares or equity-linked convertible securities, including Compulsorily Convertible Preference Shares (CCPS) and warrants.
The capital infusion will be carried out through a preferential allotment. According to the company, the transaction will be conducted on an arm’s-length basis. However, the transaction falls under the related-party category due to Hero MotoCorp’s existing stake in Ather Energy.
As of June 30, 2026, Hero MotoCorp held a 29.48 per cent equity stake in Ather Energy. According to regulatory filings, the exact shareholding pattern following the proposed investment will be determined after the final pricing structure for the preferential issue is approved by Ather Energy board.
The company said that the final post-transaction shareholding will depend on the definitive pricing of the securities to be issued. The exact increase in Hero MotoCorp’s stake in Ather Energy will therefore be clear once the preferential allotment process is finalized.
Ather Energy is a listed Indian company that designs, manufactures and services smart electric two-wheelers. It also operates its proprietary charging network and battery distribution infrastructure. Hero MotoCorp’s additional investment is expected to further strengthen its strategic association with Ather Energy and its presence in the rapidly growing electric mobility sector.
