Country’s largest two-wheeler maker Hero MotoCorp will invest up to Rs 205 crore in one or more tranches to acquire up to 30% stake in Bengaluru-based Ather Energy Pvt.

“The board of directors of the company, in its meeting held on October 26, 2016, approved an investment of up to Rs 205 crore, in one or more tranches, for approximately 26-30% shareholding in Ather Energy Private Ltd,” Hero MotoCorp said in a BSE filing.

The strategic investment is subject to execution of definitive agreements and completion of certain conditions customary for a transaction of this nature.

It further said: “As the market leader and… Continue reading →