Hero MotoCorp Limited has approved an additional cash investment of up to ₹1,000 crore in its existing associate company, Ather Energy Limited. The capital infusion will be executed via the subscription of equity shares or equity-linked convertible securities, including compulsorily convertible preference shares and warrants, on a preferential allotment basis. The transaction is structured on an arm's length basis, though Ather Energy remains classified as a related party due to Hero MotoCorp's existing 29.48 per cent equity stake in the firm as of June 30, 2026.
According to regulatory filings submitted to the stock exchanges, the exact post-transaction shareholding pattern will be finalized after the board of Ather Energy confirms the definitive pricing structures for the preferential issue.
Ather Energy, which operates as a publicly listed entity in India, designs, manufactures, and services smart electric two-wheelers while managing its own proprietary charging networks and battery distribution infrastructure.