India's Ather Energy gains on 12 bln-rupee fundraise, Hero investment

Hero Motocorp

15/07/2026 10:09

Updates
** Shares of electric scooter maker Ather Energy ATHR.NS up as much as 9.7% to 1318.90 rupees, their highest since listing on May 6, 2025

    ** Stock last up 7.51% at 1291.70 rupees
  
** Rise comes after two-wheeler maker Hero MotoCorp HROM.NS on Tuesday approved an investment of up to 10 bln rupees ($104.1 mln) in Ather Energy
** On Wednesday, Ather said its board approved raising up to 12 billion rupees via preferential issue

    ** Co to also issue 7.9 million warrants at 1,260 rupees each to Hero MotoCorp, and promoters Tarun Mehta and Swapnil Jain
  
** YTD, ATHR up ~71.38%; shares have risen nearly four-fold since its IPO last year 

($1 = 96.1000 Indian rupees)

 (Reporting by Vijay Malkar and Surbhi Misra)
 ((VijayDattaram.Malkar@thomsonreuters.com;))