Hero MotoCorp Limited agreed to acquire an additional 2.20% stake in Ather Energy Private Limited for INR 1.2 billion.
For the period ending March 31, 2024, Ather Energy Private Limited reported total revenue of INR 17.54 billion.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is July 31, 2024.