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Sachin Bansal sells Ather stake to Hero MotoCorp, Nikhil Kamath for ₹406 cr: ET
short by Mansi Agarwal / on Saturday, 8 June, 2024
Entrepreneur Sachin Bansal sold his remaining 7.5% stake in Ather Energy to Hero MotoCorp and Nikhil Kamath, ET reported. Bansal, who had invested around ₹400 crore in Ather over the years, sold 2.2% stake to Hero MotoCorp for ₹124 crore. The 5.3% stake sold to Kamath would be reportedly worth about ₹282 crore at an inferred valuation of ₹5,636 crore.
read more at Moneycontrol