Hero MotoCorp will raise its stake in Ather Energy to 39.7%, up from the current 36.7%, by purchasing additional shares for Rs 140 crore. The acquisition is expected to be completed by January 31, 2024. Ather Energy, a manufacturer of electric two-wheelers, is planning to list on the Indian stock market by Diwali next year or early 2025. Hero MotoCorp recently partnered with Ather Energy for an interoperable fast-charging network in India, covering 100 cities with over 1,900 fast-charging points. Additionally, Hero MotoCorp announced key leadership appointments, including Vivek Anand as CFO and Rachna Kumar as CHRO.
Hero MotoCorp to Increase Stake in Ather Energy to 39.7%
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