NEW DELHI: The country’s largest two-wheeler maker Hero MotoCorp on Friday said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy.
The company’s board has approved the investment in one or more tranches, Hero Motocorp said in a statement.
Prior to the proposed investment, the company’s shareholding in Ather Energy stood at 34.8 per cent (on a fully diluted basis).
After the investment, the shareholding will increase and the exact shareholding will be determined upon completion of the capital raising round by Ather, Hero MotoCorp stated.
Prior to the proposed investment, the company’s shareholding in Ather Energy stood at 34.8 per cent (on a fully diluted basis).
After the investment, the shareholding will increase and the exact shareholding will be determined upon completion of the capital raising round by Ather, Hero MotoCorp stated.
