Fundraise / allotmentNotableFiled on BSE ·

Hero MotoCorp updates investment in Ather Energy with preferential warrant allotment

Hero MotoCorp · Automobiles

Arthneeti Research DeskPublished 1 min read
₹1,000 CrFundraise / allotment

Key highlights

  • Hero MotoCorp to invest up to ₹1,000 crore in Ather Energy through preferential issue
  • Ather Energy allotted 76,19,047 convertible warrants at ₹1,260 each, totaling ₹960 crore approx
  • Hero MotoCorp paid 25% upfront (₹240 crore approx) today, balance payable on warrant exercise

Why it's rated notable: amount is ₹500 crore or more

Figures checked against the filing by a second AI read. About the business, not the share price.

Original filing

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.