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Hero MotoCorp has invested around 959.99 crore in its associate company Ather Energy by subscribing to 76,19,047 convertible warrants issued on a preferential basis. Each warrant is convertible into one equity share of Ather Energy.
The investment follows Hero MotoCorp’s earlier decision to invest up to ₹1,000 crore in Ather Energy through subscription to the company’s preferential issue. The investment further strengthens Hero MotoCorp’s strategic association with the electric two-wheeler manufacturer.
Ather Energy has allotted the warrants to Hero MotoCorp at an issue price of ₹1,260 per warrant. The aggregate subscription amount for the 76,19,047 warrants stands at ₹959.99 crore.
As part of the transaction, Hero MotoCorp has paid 25% of the issue price, amounting to ₹239.99 crore. The remaining 75% will become payable when Hero MotoCorp exercises its option to convert the warrants into equity shares of Ather Energy.
Hero MotoCorp disclosed the transaction under Regulation 30 of the SEBI Listing Regulations. The company’s filing was dated August 25, 2026.
The convertible warrants have been issued in accordance with the provisions of the Companies Act, 2013, and the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018. The investment is expected to further strengthen the strategic relationship between Hero MotoCorp and Ather Energy.
