India's Ather Energy gains after Hero MotoCorp raises stake

Hero Motocorp

28/08/2026 04:56

** Electric two-wheeler maker Ather Energy's ATHR.NS  shares rise 4.8% to 1,567 rupees 
** Hero MotoCorp HROM.NS to increase stake in Ather to 32.8% with $184 million share purchase
** About 11.9 million Ather Energy shares change hands in block deal
     ** Shares to be purchased from an existing Ather stakeholder
** Hero is Ather's biggest shareholder and controlled a 29.88% stake as of August 25 - data compiled by LSEG
** All of the 11 brokerages covering the stock rate it "buy" or higher; their median PT is 1,480 rupees - data compiled by LSEG
** YTD, stock up 98.1% 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))