Hero MotoCorp Ltd (HEROMOTOCO)
Pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the disclosure document regarding purchase of additional equity shares in Ather Energy Limited.
Hero MotoCorp approved purchase of additional shares in associate Ather Energy Limited.
- Ather designs, manufactures electric two-wheelers and charging infrastructure.
- Ather's turnover grew from Rs. 1,753.8 Cr (FY24) to Rs. 3,671.76 Cr (FY26).
- Acquisition is cash-based, up to Rs. 1,758 Cr.
- Hero's stake to rise from 29.88% to ~32.8% fully diluted.
- No related party transaction; no regulatory approvals needed.
- Completion expected by September 3, 2026.
Source: Original filing PDF
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🚨 HEROMOTOCO — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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