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Hero MotoCorp to buy more stake in Ather Energy for ₹124 crore
short by Mansi Agarwal / on Thursday, 6 June, 2024
Hero MotoCorp on Thursday announced it will buy an additional 2.2% stake in electric scooter maker Ather Energy for up to ₹124 crore. The company earlier purchased Ather shares worth ₹140 crore to raise its stake to 39.7%. Ather could file for an IPO this month to raise about $400 million at a valuation of $2 billion, NDTV Profit reported.
read more at NDTV Profit