Hero MotoCorp Limited, a promoter, bought 7,619,047 shares of Ather Energy Limited for ₹960.00 Cr at ₹1260.00 apiece through a preferential offer. This increased its stake from 28.69% to 29.88%.
An Indian electric two-wheeler manufacturer, Ather Energy designs and assembles electric scooters alongside battery packs and charging infrastructure. The company develops proprietary software systems to support its vehicles and charging ecosystem. Founded in 2013, it operates as a vertically integrated player in the electric scooter segment, handling product design, in-house manufacturing, technology development, and charging network expansion independently.
