Ather Energy shares gained nearly 4% to Rs 1,534.30 in Friday’s trading session after Hero MotoCorp announced plans to invest up to Rs 1,758 crore in the electric two-wheeler maker, increasing its stake to approximately 32.8% on a fully diluted basis.
Hero MotoCorp, which already holds a 29.88% stake in Ather Energy as of August 25, 2026, will acquire additional shares from an existing shareholder through a cash transaction. The deal is expected to be completed by September 3, 2026, subject to the terms of the transaction.
