Ather Energy shares rally 6% after Hero MotoCorp approves Rs 1,000 crore additional investment
According to the company’s regulatory filing, the Committee of Directors (COD) of Hero MotoCorp, at its meeting held on July 14, 2026, approved subscribing to equity shares and other eligible securities of Ather Energy Ltd. through a preferential allotment.
The proposed investment will be made by subscribing to equity shares or securities convertible into equity shares, including compulsorily convertible preference shares (CCPS), warrants, and other eligible instruments, in accordance with the Companies Act, 2013 and SEBI Regulations.
The investment remains subject to the approval of Ather Energy’s Board of Directors and shareholders. Hero MotoCorp clarified that it does not require any separate government or regulatory approvals for the proposed subscription. The transaction is expected to be completed within 15 days of receiving the final necessary approvals.
The investment will be made entirely in cash, with a total commitment of up to Rs 1,000 crore. As of June 30, 2026, Hero MotoCorp held a 29.48% stake in Ather Energy on a fully diluted basis. However, the company’s post-investment shareholding will depend on the pricing of the preferential issue and any subsequent issuance of securities approved by Ather’s board.
Ather Energy, incorporated in 2013, is engaged in the design, manufacturing, sale, servicing, and software development of electric two-wheelers and charging infrastructure. The company also operates in battery energy storage, power management, and other allied energy solutions, with a growing presence across India.
The company’s financial performance has shown strong growth over the past three financial years. Its turnover increased from Rs 1,753.8 crore in FY24 to Rs 2,255 crore in FY25, before rising sharply to Rs 3,671.76 crore in FY26, highlighting its expanding business operations and strengthening position in India’s electric vehicle market.
Stock Delivers Stellar Returns and Techncial indicators
Ather Energy has been one of the standout performers in the EV space. The stock has surged 38% over the past three months and delivered an impressive 250% gain in the last one year. The company currently commands a market capitalization of Rs 46,043 crore.From a technical perspective, the stock continues to exhibit strong bullish momentum. The 14-day Relative Strength Index (RSI) stands at 68.3, indicating strong buying interest while remaining just below the overbought threshold of 70. Additionally, Ather Energy is trading above all eight of its key simple moving averages (SMAs), signaling sustained strength in the prevailing uptrend.
The fresh capital infusion from Hero MotoCorp has further strengthened investor sentiment, with the market viewing the investment as a strong vote of confidence in Ather Energy’s growth prospects and India’s rapidly expanding electric vehicle ecosystem.
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